FINANCEDMixed-use
Meridian Capital Group Secures $9.3M Refinance Loan For Mixed-Use Asset In Princeton, NJ
255 Nassau Street
$9,300,000
$257/SF
Building Size
36,105 SF
Asset Type
Mixed-use
Closing
Sep 1, 2022
AI
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.
Players
Princeton 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
1.71%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93