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55 Bergenline Avenue, Westw...

Esquire Bank Provides $5.8M Refinance Loan For 46,000 SF Industrial Property In Westwood
FINANCEDIndustrial

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

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.

Players

Abe Berger

Broker

$5.8M

vol

1 deal

Broker
Esquire Bank
Esquire BankLender

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