Updated Oct 29, 2024
SnowPoint Capital Provides $4.7M Refinance Loan For Jersey City Industrial Property
6 Linden Avenue East
$4,700,000
$14/SF
Building Size
322,344 SF
Asset Type
Industrial
Closing
Dec 30, 2022
About this deal
AI
The refinance of an industrial property located at 6 Linden Avenue E in Jersey City, NJ has been completed. The property spans over 322,344 square feet and is situated in the industrial market of Jersey City.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $4,700,000
- Loan Type: Refinance
The refinance of the industrial property was financed by SnowPoint Capital. The loan amount for the refinance was $4,700,000. The loan terms include a 12-month fixed rate loan with interest-only payments for the entire term.
The transaction was facilitated by Emil DePasquale from Black Bear Capital Partners, representing the buyer in the deal.
Players
Jersey City 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
3.38%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93