Alfred Sanzari Enterprises Inc. Refinancing Loan In Elmwood Park Industrial For $12.2M
FINANCED
$12,200,000
+ 1
New Jersey
See Similar DealsIndustrial113 SF
FINANCED
Alfred Sanzari Enterprises Inc. Refinancing Loan In Elmwood Park Industrial For $12.2M
481 Edward H Ross Drive, Elmwood Park, New Jersey 07407, United States
See Similar DealsIndustrial113 SF
+ 1
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$107,964
Total Square Footage:113 SF
Transaction Type:Loan
A loan transaction has taken place for an industrial property located at 481 & 491 Edward H. Ross Drive in Elmwood Park. The property spans approximately 113,700 square feet and is owned by Alfred Sanzari Enterprises Inc.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $12,200,000
- Loan Type: Refinancing Loan
- Loan Terms: 10-year, fixed-rate
- Lender: Minnesota Life Insurance Co
JLL Capital Markets represented the borrower in this transaction. The team involved in the deal includes Thomas R. Didio, Thomas E. Didio Jr., Salvatore Buzzerio, and Benjamin Morgenthal.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$12,200,000.00
Monthly NOI$81,333.33
Monthly Debt Service$77,112.30
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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