Camber Real Estate Partners Secures $89.1M Loan For South Jersey, Bucks County Industrial Portfolio
FINANCED
$89,100,000
New Jersey
See Similar DealsIndustrial1,200,000 SF
Financed 10/14/2022
FINANCED
Camber Real Estate Partners Secures $89.1M Loan For South Jersey, Bucks County Industrial Portfolio
Delran, New Jersey, United States
See Similar DealsIndustrial1,200,000 SF
Financed 10/14/2022
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$74
Total Square Footage:1,200,000 SF
Transaction Type:Loan
The South Jersey, Bucks County industrial Portfolio in Delran, Bridgeport, Evesham, Cinnaminson, Mount Laurel, New Jersey, and Bristol, Pennsylvania has been sold in a closed transaction. The industrial property spans 1,200,000 square feet, making it a substantial asset in the market.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $89,100,000
- Loan Terms: Floating-rate
- Lender: natixis''>Natixis
- Landlord: Camber Real Estate Partners
- Brokers: John Alascio, Chuck Kohaut & TJ Sullivan - Cushman & Wakefield
The deal was facilitated by John Alascio, Chuck Kohaut, and TJ Sullivan of Cushman & Wakefield. They represented the buyer or seller in the transaction.
Players
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$89,100,000.00
Monthly NOI$594,000.00
Monthly Debt Service$563,172.61
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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