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Loan · Mixed-use

Emil DePasquale Brokers $4.15M Refinance For Mixed-Use Property In Colts Neck
FINANCEDMixed-use

Emil DePasquale Brokers $4.15M Refinance For Mixed-Use Property In Colts Neck

$4,150,000

$107/SF

Building Size

38,675 SF

Asset Type

Mixed-use

Closing

Mar 1, 2024

AI

The mixed-use property located at 317 State Route 34 in Colts Neck, NJ, spans 38,675 square feet and was recently refinanced for a total loan amount of $4,150,000. The refinancing was facilitated by Manasquan Bank, with Emil DePasquale of Black Bear Capital Partners serving as the broker in the transaction.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $4,150,000
  • Lender: Manasquan Bank
  • Broker: Emil DePasquale - Black Bear Capital Partners
  • Loan Type: Refinance
  • Loan Terms: 5-year fixed-rate loan

The key individuals involved in the deal include Emil DePasquale from Black Bear Capital Partners, who represented the parties in the refinancing process.

Players

Emil DePasquale

Black Bear Capital Partners

Broker

$2.2B

vol

94 deals

Broker
Manasquan Bank
Manasquan BankLender

Market Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.82%

Cash-on-Cash

-1.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93