Emil DePasquale Brokers $4.15M Refinance For Mixed-Use Property In Colts Neck
FINANCED
$4,150,000
New Jersey
See Similar DealsMixed-use38,675 SF
Financed 03/01/2024
FINANCED
Emil DePasquale Brokers $4.15M Refinance For Mixed-Use Property In Colts Neck
Mixed-use38,675 SF
Financed 03/01/2024
Summary
Asset Type:Mixed-use
Price Per Square Foot:$107
Total Square Footage:38,675 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,150,000.00
Monthly NOI$27,666.67
Monthly Debt Service$26,230.82
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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