The O'Donnell Group Refinances Industrial Property In Bordentown, NJ For $21M
FINANCED
$21,000,000
New Jersey
See Similar DealsIndustrial6,264 SF
Financed 05/07/2021
FINANCED
The O'Donnell Group Refinances Industrial Property In Bordentown, NJ For $21M
201 Elizabeth Street, South Bound Brook, NJ 08880
See Similar DealsIndustrial6,264 SF
Financed 05/07/2021
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$3,352
Total Square Footage:6,264 SF
Transaction Type:Loan
The O'Donnell Group has refinanced an industrial property located at 201 Elizabeth Street in Bordentown, NJ. The loan amount for this transaction was $21,000,000. The property is situated in a market known for industrial assets.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $21,000,000
- Address: 201 Elizabeth Street, Bordentown, NJ
- Market: Bordentown, NJ
- Loan Type: Refinance
- Landlord: The O'Donnell Group
- Brokers: Ryan & Jeffrey Horowitz representing CooperHorowitz
Ryan & Jeffrey Horowitz, from the agency CooperHorowitz, were the brokers involved in this refinancing deal.
Players
LANDLORD
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$21,000,000.00
Monthly NOI$140,000.00
Monthly Debt Service$132,734.28
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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