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PCCP's Ryan Dodge Provides $115M Loan For Industrial Property In Rutherford, N.J

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FINANCED
$115,000,000
Chuck Kohaut
Zachary (Zach) Kraft
+ 2

New Jersey

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Industrial360,000 SF
Financed 06/07/2020
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Property Image
FINANCED

PCCP's Ryan Dodge Provides $115M Loan For Industrial Property In Rutherford, N.J

Highland Cross, Rutherford, NJ 07070

See Similar Deals
Industrial360,000 SF
Financed 06/07/2020
Chuck Kohaut
Zachary (Zach) Kraft
+ 2
Contact now

Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$319
Total Square Footage:360,000 SF
Transaction Type:Loan

The Highland Cross property in Rutherford, N.J has been involved in a recent loan transaction. The asset, an industrial property, played a crucial role in this deal. The loan amount for this transaction was $115,000,000. The property spans over an area of 360,000 square feet.

Summary of transaction details

In this loan transaction, PCCP represented by Ryan Dodge acted as the lender. The property's landlord, Lincoln Equities Group, had Joel Bergstein representing their interests. Additionally, the deal involved brokers from Cushman & Wakefield, namely John Alascio, Chuck Kohaut, TJ Sullivan, and Zachary Kraft. Lastly, Amazon played a significant role as the tenant in this transaction.

Players

John Alascio
56 deals$5.3B volume
BROKER

Zachary (Zach) Kraft
Cushman & Wakefield
22 deals$3.8B volume
BROKER

Chuck Kohaut
Cushman & Wakefield
41 deals$3.3B volume
BROKER

TJ Sullivan
Cushman & Wakefield
38 deals$3.1B volume
BROKER

Joel Bergstein
6 deals$407M volume
LANDLORD

Amazon
TENANT

Details

FINANCED
IMAGE: Ryan Dodge, John Alascio, Joel Bergstein, Zachary Kraft, TJ Sullivan, & Chuck Kohaut DATE: 06/07/2021 ADDRESS: Highland Cross MARKET: Rutherford, N.J ASSET TYPE: Industrial LENDER: PCCP - Ryan Dodge LANDLORD: Lincoln Equities Group - Joel Bergstein BROKERS: John Alascio, Chuck Kohaut, TJ Sullivan & Zachary Kraft - Cushman & Wakefield TENANT: Amazon LOAN AMOUNT: $115,000,000 SF: 360,000

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$115,000,000.00

Monthly NOI$766,666.67
Monthly Debt Service$726,878.23
Change in Cash Flow$0.00
Refinance Proceeds$0.00