Simon Rosenfeld & John Bianco Of Meridian Capital Group Secures $1.2M Refinance Loan In Newark
FINANCED
$1,200,000
New Jersey
See Similar DealsMixed-use1 SF
Financed 12/23/2024
FINANCED
Simon Rosenfeld & John Bianco Of Meridian Capital Group Secures $1.2M Refinance Loan In Newark
180 Ferry Street
See Similar DealsMixed-use1 SF
Financed 12/23/2024
Summary
NEW JERSEY
Asset Type:Mixed-use
Price Per Square Foot:$1,200,000
Total Square Footage:1 SF
Transaction Type:Loan
The property involved in this transaction is a mixed-use asset located at 180 Ferry Street in Newark. The refinance loan amount is set at $1,200,000, with a spread of 230 basis points and a flexible prepayment penalty structure.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,200,000
- Loan Type: Refinance
- Brokers: Simon Rosenfeld & John Bianco - Meridian Capital Group
- Date of Transaction: 12/23/2024
Simon Rosenfeld and John Bianco are the brokers representing the transaction, both affiliated with Meridian Capital Group. Their expertise facilitated this refinancing deal, showcasing their capability in handling complex financial structures for portfolio enhancement.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,200,000.00
Monthly NOI$8,000.00
Monthly Debt Service$7,584.82
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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