Updated Feb 12, 2025
Jack Braha Of Apollo Acquisitions & Management Secures $10.84M SBA Refinance Loan For Industrial Asset In New Brunswick
594 Jersey Avenue
$10,845,000
$156/SF
Building Size
69,500 SF
Asset Type
Industrial
Closing
Jan 30, 2025
About this deal
AI
The property asset involved in this transaction is located at 594 Jersey Avenue in New Brunswick. It is an industrial asset with a total square footage of 69,500. The loan amount for this property is $10,845,000, and it is classified as a refinance loan. The lender for this transaction is an SBA Loan.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $10,845,000
- Address: 594 Jersey Avenue
- Market: New Brunswick
- Asset Size: 69,500 SF
- Loan Type: Refinance
- Lender: SBA Loan
- Broker: Jack Braha - Apollo Acquisitions & Management
Key individuals involved in this transaction include Jack Braha, representing Apollo Acquisitions & Management as the broker for the deal. His role was crucial in facilitating the refinance of the property, helping to secure the financing through the SBA Loan.
New Brunswick 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
1.46%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93