Columbia Bank Provides $4.9 Million Refinance Loan For Industrial Condo In Edison
FINANCED
$4,900,000
New Jersey
See Similar DealsIndustrial
Financed 12/30/2025
FINANCED
Columbia Bank Provides $4.9 Million Refinance Loan For Industrial Condo In Edison
3775 Park Avenue
See Similar DealsIndustrial
Financed 12/30/2025
Summary
NEW JERSEY
Asset Type:Industrial
Transaction Type:Loan
The property asset involved in this transaction is an industrial condo located at 3775 Park Avenue in Edison, encompassing a total area of 53,364 square feet. The refinancing loan amount secured for this industrial condo is $4,900,000, with loan terms set for a duration of 5 years.
Summary of transaction details:
- Property Type: Industrial Condo
- Transaction Amount: $4,900,000
- Address: 3775 Park Avenue
- Market: Edison
- Lender: Columbia Bank
- Broker: Mark Nussbaum - Stonehill Capital
- Loan Type: Refinance
- Loan Terms: 5 year
This refinancing involved key participants, notably Mark Nussbaum from Stonehill Capital, who acted as the broker in this transaction. Columbia Bank served as the lender, facilitating the refinancing process for the industrial condo.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,900,000.00
Monthly NOI$32,666.67
Monthly Debt Service$30,971.33
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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