Updated Oct 28, 2024
Esquire Bank Provides $5.8M Refinance Loan For 46,000 SF Industrial Property In Westwood
55 Bergenline Avenue, Westwood, New Jersey 07675, United States
$5,800,000
$126/SF
Building Size
46,000 SF
Asset Type
Industrial
Closing
Jun 21, 2022
About this deal
AI
This industrial property located at 55 Bergenline Ave in Westwood has recently undergone a refinancing transaction. The property spans approximately 46,000 square feet and is owned by Gold Tree Management.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,800,000
- Lender: Esquire Bank
- Landlord: Gold Tree Management
- Broker: Abe Berger - Polaris Funding
Esquire Bank provided a refinance loan in the amount of $5,800,000 for the property located at 55 Bergenline Ave in Westwood. The transaction was facilitated by Abe Berger of Polaris Funding.
On the Map
$5,800,000
$126/SF
Industrial
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Players
Westwood 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
2.73%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93