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Steve Poulos Of Bridge Industrial Secures $86.2M Loan For Bayonne Industrial Facility

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FINANCED
$86,200,000

New Jersey

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Industrial355,580 SF
Financed 02/03/2026
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Property Image
FINANCED

Steve Poulos Of Bridge Industrial Secures $86.2M Loan For Bayonne Industrial Facility

63 New Hook Road

See Similar Deals
Industrial355,580 SF
Financed 02/03/2026
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$242
Total Square Footage:355,580 SF
Transaction Type:Loan

Bridge Point Bayonne is an industrial facility located at 63 Hook Road in Bayonne, comprising 355,580 square feet and situated on 18 acres of land. The property is part of a market that supports industrial activities in the region.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $86,200,000
  • Lender: Massachusetts Mutual Life Insurance Co
  • Landlord: Steve Poulos - Bridge Industrial
  • Previous Loan: $100,000,000 construction loan from Banc of California
  • Completion Year: 2024
  • Proximity: Near Port Newark and Newark Liberty International Airport

Steve Poulos represents Bridge Industrial in securing a permanent loan from Massachusetts Mutual Life Insurance Co., which replaces the previous construction loan for the property. The transition to a permanent loan indicates the project's completion timeline and readiness for operational use post-construction.

Players

Bridge Industrial
Bridge Industrial
BROKERAGE
Massachusetts Mutual Life Insurance Co
Massachusetts Mutual Life Insurance Co
LENDER
Steve Poulos
Bridge Industrial
Steve Poulos
26 deals$2B volume
LANDLORD

Details

FINANCED
IMAGE: Steve Poulos DATE: 02/03/2026 ADDRESS: 63 Hook Road MARKET: Bayonne ASSET TYPE: Industrial ~ SF: 355,580 ~ ACRES: 18 LENDER: Massachusetts Mutual Life Insurance Co LANDLORD: Steve Poulos - Bridge Industrial (@BridgeIndustrial) LOAN AMOUNT: $86,200,000 NOTE: Bridge Industrial secured an $86.2M permanent loan from Massachusetts Mutual Life Insurance Co. for Bridge Point Bayonne, a 355,580-SF industrial facility in Bayonne, N.J.The loan replaces a $100M construction loan from Banc of California originated in January 2022 for the 2024-completed warehouse near Port Newark and Newark Liberty International Airport.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$86,200,000.00

Monthly NOI$574,666.67
Monthly Debt Service$544,842.64
Change in Cash Flow$0.00
Refinance Proceeds$0.00