Blue Vista Finance Provides $47.4M Refinance Loan For Meadowlands Industrial Property
FINANCED
$47,400,000
New Jersey
See Similar DealsIndustrial730,453 SF
Financed 05/06/2022
FINANCED
Blue Vista Finance Provides $47.4M Refinance Loan For Meadowlands Industrial Property
5903 West Side Avenue, North Bergen, New Jersey 07047, United States
See Similar DealsIndustrial730,453 SF
Financed 05/06/2022
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$64
Total Square Footage:730,453 SF
Transaction Type:Loan
An industrial property located at 5903-5905 West Side Avenue in Meadowlands, NJ has been involved in a recent closed transaction. The property spans an impressive 730,453 square feet, making it a substantial asset in the market.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $47,400,000
- Lender: Blue Vista Finance
- Brokers: Glenn Tolchin & Yoav Oelsner - Upland Property Advisors
- Loan Type: Refinance
- Loan Terms: Fixed rate, 10-years, Non-recourse
The loan for the transaction was provided by Blue Vista Finance. The borrowers were able to secure a non-recourse loan of $47,400,000 to refinance the property. The loan terms include a fixed rate for a duration of 10 years.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$47,400,000.00
Monthly NOI$316,000.00
Monthly Debt Service$299,600.24
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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