J.P. Morgan Provides $367.8M Loan For East Coast Logistics Portfolio
FINANCED
$367,830,000
+ 2
New Jersey
See Similar DealsIndustrial3 SF
Financed
FINANCED
J.P. Morgan Provides $367.8M Loan For East Coast Logistics Portfolio
New Jersey, United States
See Similar DealsIndustrial3 SF
Financed
+ 2
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$122610000
Total Square Footage:3 SF
Transaction Type:Loan
The East Coast Logistics Portfolio, a 3,034,000 square-foot industrial property, has recently undergone a closed transaction.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $367,830,000
- Address: East Coast Logistics Portfolio
- Market: New Jersey, Pennsylvania, Maryland, New York City, Philadelphia, Baltimore & Washington, D.C
This deal was financed by J.P. Morgan, who provided a loan amount of $367,830,000. The landlord for the property is Ares Management Real Estate. Cushman & Wakefield, represented by John Alascio, Alex Hernandez, Alex Lapidus, Chuck Kohaut, T.J. Sullivan, and Jason Blankfein, acted as the brokers in this 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
$367,830,000.00
Monthly NOI$2,452,200.00
Monthly Debt Service$2,324,935.81
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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