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River Road, Fair Lawn, NJ, USA

Webster Bank Refinances $700K Loan For Mixed-Use Property In Fair Lawn, NJ
FINANCEDMixed-use

Webster Bank Refinances $700K Loan For Mixed-Use Property In Fair Lawn, NJ

River Road, Fair Lawn, NJ, USA

$700,000

Building Size

Asset Type

Mixed-use

Closing

Jun 25, 2020

AI

A mixed-use property located at 15-01 River Road in Fair Lawn, NJ recently underwent a refinancing transaction. The loan, which was facilitated by Webster Bank, amounted to $700,000. The property, owned by Simon Filip, is a mixed-use asset in the Fair Lawn market.

Summary of transation details

The brokers involved in the deal were David May and Evan Boles, representing Progress Capital. They played a crucial role in facilitating the refinancing transaction. No additional information is available regarding the property or the transaction.

Players

David May

Progress Capital

Broker

$24.2M

vol

10 deals

Broker
Webster Bank
Webster BankLender

Fair Lawn Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

22.66%

Cash-on-Cash

-6.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93