Meridian Capital Group Secures $9.3M Refinance Loan For Mixed-Use Asset In Princeton, NJ
FINANCED
$9,300,000
New Jersey
See Similar DealsMixed-use36,105 SF
Financed 09/01/2022
FINANCED
Meridian Capital Group Secures $9.3M Refinance Loan For Mixed-Use Asset In Princeton, NJ
255 Nassau Street
See Similar DealsMixed-use36,105 SF
Financed 09/01/2022
Summary
NEW JERSEY
Asset Type:Mixed-use
Price Per Square Foot:$257
Total Square Footage:36,105 SF
Transaction Type:Loan
The mixed-use property located at 255 Nassau Street in Princeton, NJ has recently undergone a refinancing transaction. The property spans a total square footage of 36,105 and is owned by the Carnavale Family.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $9,300,000
- Loan Type: Refinance
- Loan Terms: 7 Years, 3.875%, 2 years IO
This refinancing deal was facilitated by Bryan Geffen and Noah Schulman, representing the Meridian Capital Group.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$9,300,000.00
Monthly NOI$62,000.00
Monthly Debt Service$58,782.33
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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