Valley Bank Provides $10M Loan For Mixed-Use Property At 445-461 Livingston Street In Norwood
FINANCED
$10,000,000
New Jersey
See Similar DealsMixed-use41,463 SF
Financed 09/21/2022
FINANCED
Valley Bank Provides $10M Loan For Mixed-Use Property At 445-461 Livingston Street In Norwood
445 Livingston Street, Norwood, New Jersey 07648, United States
See Similar DealsMixed-use41,463 SF
Financed 09/21/2022
Summary
NEW JERSEY
Asset Type:Mixed-use
Price Per Square Foot:$241
Total Square Footage:41,463 SF
Transaction Type:Loan
The mixed-use property located at 445-461 Livingston Street in Norwood has been involved in a closed transaction. The property consists of 32 units with a total square footage of 41,463. The transaction took place on 09/21/2022.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $10,000,000
- Address: 445-461 Livingston Street, Norwood
- Market: Norwood
- Units: 32
- Square Footage: 41,463
The loan for this transaction was provided by Valley Bank. The loan amount was $10,000,000, and the loan terms are a 10-year fixed-rate loan.
The landlord of the property is Maxim Realty Trust, represented by Gerry A. Puccio. The broker involved in the deal was Gregory Nalbandian from JLL Capital Markets.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$10,000,000.00
Monthly NOI$66,666.67
Monthly Debt Service$63,206.80
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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