Webster Bank Refinances $700K Loan For Mixed-Use Property In Fair Lawn, NJ
FINANCED
$700,000
New Jersey
See Similar DealsMixed-use
Financed 06/25/2020
FINANCED
Webster Bank Refinances $700K Loan For Mixed-Use Property In Fair Lawn, NJ
River Road, Fair Lawn, NJ, USA
See Similar DealsMixed-use
Financed 06/25/2020
Summary
NEW JERSEY
Asset Type:Mixed-use
Transaction Type:Loan
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
- Property Type: Mixed-use
- Transaction Amount: $700,000
- Lender: Webster Bank
- Landlord: Simon Filip
- Brokers: David May & Evan Boles - Progress Capital
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$700,000.00
Monthly NOI$4,666.67
Monthly Debt Service$4,424.48
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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