Provident Bank Provides $1.115M Refinance Loan For Norwood Industrial Property
FINANCED
$1,115,000
New Jersey
See Similar DealsIndustrial1,264 SF
Financed 06/28/2020
FINANCED
Provident Bank Provides $1.115M Refinance Loan For Norwood Industrial Property
49 Oak Street, Norwood, NJ, USA
See Similar DealsIndustrial1,264 SF
Financed 06/28/2020
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$882
Total Square Footage:1,264 SF
Transaction Type:Loan
Located at 49 Oak Street in Norwood, NJ, this industrial property recently underwent a refinancing transaction. The loan, amounting to $1,115,000, was secured from Provident Bank. The property is owned by Nathaniel Mufson.
Summary of Transaction Details
- Property Type: Industrial
- Transaction Amount: $1,115,000
- Address: 49 Oak Street, Norwood, NJ
- Market: Norwood, NJ
- Lender: Provident Bank
- Landlord: Nathaniel Mufson
- Loan Type: Refinance
Represented by David May and Evan Boles from Progress Capital, the refinancing deal for this industrial asset was successfully completed. Their expertise and negotiation skills played a vital role in securing the loan from Provident Bank.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,115,000.00
Monthly NOI$7,433.33
Monthly Debt Service$7,047.56
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions