Updated Oct 29, 2024
Emerald Creek Capital Provides $10M Loan For Newark Industrial Property
326 Thomas Street, Newark,New Jersey
$10,000,000
Building Size
—
Asset Type
Industrial
Closing
Dec 4, 2020
About this deal
AI
Address: 326 Thomas Street
Market: Newark
Asset Type: Industrial
Lender: Emerald Creek Capital - Mike Cleaver
Broker: Hirsch Simins - Walker & Dunlop
Loan Amount: $10,000,000
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $10,000,000
Mike Cleaver from Emerald Creek Capital provided a loan of $10,000,000 for the industrial property located at 326 Thomas Street in Newark. Hirsch Simins from Walker & Dunlop served as the broker for the deal.
The industrial loan at 326 Thomas Street, Newark,New Jersey in Newark, New Jersey financed for $10M in 2020. 326 Thomas Street, Newark,New Jersey is classified as Industrial on Traded. Mike Cleaver, Walker & Dunlop appear on the loan alongside Walker & Dunlop. This page is the Newark, New Jersey file for the 326 Thomas Street, Newark,New Jersey industrial financed: pricing, party profiles, and other closed industrial comps from the same Newark sit in the Market section below. Filter that Newark industrial set by closing date to see what else financed near 326 Thomas Street, Newark,New Jersey around 2020. Published consideration for 326 Thomas Street, Newark,New Jersey is $10M, dated 2020. Cite this Emerald Creek Capital Provides $10M Loan For Newark Industrial Property loan when underwriting similar industrial product around Newark, New Jersey.
On the Map
$10,000,000
Industrial
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Players
Newark 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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93