Updated Sep 9, 2024
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
About this deal
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.
The mixed use loan at 255 Nassau Street in Princeton, New Jersey financed for $9.3M in 2022. The building is 36,105 square feet, implying about 257 per square foot on the published price. Noah Schulman, Bryan Geffen, Meridian Capital Group appear on the loan alongside Meridian Capital Group. This page is the Princeton, New Jersey file for the 255 Nassau Street mixed use financed: pricing, party profiles, and other closed mixed use comps from the same Princeton sit in the Market section below. Filter that Princeton mixed use set by closing date to see what else financed near 255 Nassau Street around 2022. Published consideration for 255 Nassau Street is $9.3M, dated 2022. Cite this Meridian Capital Group Secures $9.3M Refinance Loan For Mixed-Use Asset In Princeton, NJ loan when underwriting similar mixed use product around Princeton, New Jersey.
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