Updated Dec 4, 2024
Freedom Business Financing Secures $4 Million SBA Loan For Children's Daycare Center Acquisition In Toms River
255 New Jersey Highway 70
$4,000,000
$54/SF
Building Size
74,000 SF
Asset Type
Industrial
Closing
Jun 30, 2024
About this deal
AI
The property asset involved in this transaction is an industrial facility located at 255 New Jersey Highway 70 in Toms River. The asset has a square footage of 74,000 and pertains to a transaction involving a loan amount of $4,000,000 for the acquisition of the property.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,000,000
- Loan Type: Acquisition
- Loan Terms: 25-year SBA 7(a) loan for the purchase of a children’s daycare center, 90% LTV + working capital
- Broker: Jerry Freedman - Freedom Business Financing
Jerry Freedman from Freedom Business Financing facilitated this loan, which aims to assist operating companies and entrepreneurs in securing financing. Notably, their services include owner-occupied real estate acquisitions and refinancing via SBA 7(a)/504 and conventional programs, alongside options for business acquisitions, debt refinancing, equipment financing, business expansion loans, and working capital lines of credit.
Point Pleasant Beach Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93