Rhine Legacy Capital Provides $2.8M Bridge Loan For Industrial Property In Passaic County, NJ
FINANCED
$2,800,000
New Jersey
See Similar DealsIndustrial33,000 SF
Financed 12/27/2022
FINANCED
Rhine Legacy Capital Provides $2.8M Bridge Loan For Industrial Property In Passaic County, NJ
Industrial33,000 SF
Financed 12/27/2022
Summary
Asset Type:Industrial
Price Per Square Foot:$84
Total Square Footage:33,000 SF
Transaction Type:Loan
A bridge loan in the amount of $2,800,000 was provided for an industrial property in Passaic County, NJ. The property spans approximately 33,000 square feet.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $2,800,000
Rhine Legacy Capital, a nationwide commercial real estate bridge lender, served as the lender for this transaction. Samuel Kwadrat, representing Rhine Legacy Capital, facilitated the loan deal.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,800,000.00
Monthly NOI$18,666.67
Monthly Debt Service$17,697.90
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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