Stalwart Equities Secures Bridge Loan For Logan Township Industrial Property
FINANCED
$42,750,000
+ 1
New Jersey
See Similar DealsIndustrial
Financed 02/23/2022
FINANCED
Stalwart Equities Secures Bridge Loan For Logan Township Industrial Property
201 Crossroads Blvd, Logan Township, NJ 08014, USA
See Similar DealsIndustrial
Financed 02/23/2022
+ 1
Summary
NEW JERSEY
Asset Type:Industrial
Transaction Type:Loan
The property involved in this closed transaction is an industrial asset located at 201-801 Crossroads Blvd in Gloucester County, Logan Township. The property spans across 171.3 acres and is situated in a bustling market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $42,750,000
- Address: 201-801 Crossroads Blvd
- Market: Gloucester County, Logan Township
- Lender: SKW Funding
- Landlord: Stalwart Equities
- Brokers: John Alascio, Chuck Kohaut, TJ Sullivan, and John Spreitzer - Cushman & Wakefield
The loan for this transaction was a bridge loan provided by SKW Funding. Stalwart Equities served as the landlord in this deal. The brokers who represented the parties involved in the transaction were John Alascio, Chuck Kohaut, TJ Sullivan, and John Spreitzer from Cushman & Wakefield.
Players
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$42,750,000.00
Monthly NOI$285,000.00
Monthly Debt Service$270,209.08
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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