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Jack Braha Of Apollo Acquisitions & Management Secures $10.84M SBA Refinance Loan For Industrial Asset In New Brunswick

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FINANCED
$10,845,000

New Jersey

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Industrial69,500 SF
Financed 01/30/2025
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Property Image
FINANCED

Jack Braha Of Apollo Acquisitions & Management Secures $10.84M SBA Refinance Loan For Industrial Asset In New Brunswick

594 Jersey Avenue

See Similar Deals
Industrial69,500 SF
Financed 01/30/2025
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$156
Total Square Footage:69,500 SF
Transaction Type:Loan

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.

Players

Jack Braha
Apollo Acquistions & Management
Jack Braha
2 deals$21.3M volume
BROKER

Details

FINANCED
IMAGE: Jack Braha DATE: 01/30/2025 ADDRESS: 594 Jersey Avenue MARKET: New Brunswick ASSET TYPE: Industrial ~ SF: 69,500 LENDER: SBA Loan BROKER: Jack Braha - Apollo Acquisitions & Management LOAN AMOUNT: $10,845,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$10,845,000.00

Monthly NOI$72,300.00
Monthly Debt Service$68,547.78
Change in Cash Flow$0.00
Refinance Proceeds$0.00