JPMorgan Provides $48 Million Refinance Loan For Life Sciences Asset In Princeton NJ
$48,000,000
$134/SF
Building Size
358,000 SF
Asset Type
Life Sciences
Closing
Aug 4, 2025
AI
The asset involved in this transaction is a life sciences facility located at College Road, Princeton, NJ. It encompasses a total square footage of 358,000 and is being refinanced for the amount of $48,000,000.
Summary of transaction details:
- Property Type: Life Sciences
- Transaction Amount: $48,000,000
- Loan Type: Refinance
- Loan Terms: 5 years, interest only
- Lender: JPMorgan
- Broker: Brian Warwick & Robert Altman - ABS Altman Warwick
This transaction sees Brian Warwick and Robert Altman representing the brokerage ABS Altman Warwick, facilitating the refinance process with JPMorgan as the lending institution.
Players
Princeton Life Sciences Market Snapshot
Boundary boundary · Life Sciences · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.33%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93