Esquire Bank Provides $5.8M Refinance Loan For 46,000 SF Industrial Property In Westwood
FINANCED
$5,800,000
New Jersey
See Similar DealsIndustrial46,000 SF
Financed 06/22/2022
FINANCED
Esquire Bank Provides $5.8M Refinance Loan For 46,000 SF Industrial Property In Westwood
55 Bergenline Avenue, Westwood, New Jersey 07675, United States
See Similar DealsIndustrial46,000 SF
Financed 06/22/2022
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$126
Total Square Footage:46,000 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$5,800,000.00
Monthly NOI$38,666.67
Monthly Debt Service$36,659.95
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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