Updated Oct 28, 2024
Sky Equity Provides $2M Bridge Loan For Industrial Property In Wharton, NJ
355 West Dewey Avenue, Wharton, New Jersey 07885, United States
$2,000,000
$111/SF
Building Size
18,000 SF
Asset Type
Industrial
Closing
Mar 9, 2022
About this deal
AI
A bridge loan of $2,000,000 was secured for an industrial property located at 355 W. Dewey Ave. in Wharton, NJ. The property spans across 18,000 square feet and is owned by Dumman Logistics, represented by Alp Duman.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $2,000,000
- Address: 355 W. Dewey Ave., Wharton, NJ
- Market: Wharton, NJ
- Loan Type: Bridge Loan
- Loan Terms: 12-month bridge
The loan was provided by Sky Equity, with Allen Esses and John Tedesco acting as representatives. For more information on funding future deals, interested parties can email [email protected].
Players
Wharton Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
Loading comparables…
Deal FAQ
Browse New Jersey industrial loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93