Updated Dec 19, 2024
Rhine Legacy Capital Provides $2.8M Bridge Loan For Industrial Property In Passaic County, NJ
$2,800,000
$84/SF
Building Size
33,000 SF
Asset Type
Industrial
Closing
Dec 27, 2022
About this deal
AI
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.
Rhine Legacy Capital Provides $2.8M Bridge Loan For Industrial Property In Passaic County, NJ is logged as a industrial loan on Traded (2022). The building is 33,000 square feet, implying about 84 per square foot on the published price. Rhine Legacy Capital appears on the loan alongside Rhine Legacy Capital. This page is the market file for the Rhine Legacy Capital Provides $2.8M Bridge Loan For Industrial Property In Passaic County, NJ industrial financed: pricing, party profiles, and other closed industrial comps from the same area sit in the Market section below. Cite this Rhine Legacy Capital Provides $2.8M Bridge Loan For Industrial Property In Passaic County, NJ loan when underwriting similar industrial product.
Players
Market Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93