Updated Dec 4, 2023
Samaan Capital Secures $7M Refinance Loan For Mixed-Use Property In Passaic, NJ
54 Wall St Passaic, NJ 07055, USA
$7,000,000
$147/SF
Building Size
47,350 SF
Asset Type
Mixed-use
Closing
Jun 16, 2023
About this deal
AI
A mixed-use property located at 54 Wall Street in Passaic, NJ with a square footage of 47,350 has recently undergone a refinancing transaction. The property boasts a diverse range of uses, making it an attractive investment opportunity.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $7,000,000
- Market: Passaic, NJ
- Broker: Samaan Capital - Eli Samaan
Eli Samaan, representing Samaan Capital, played a pivotal role in facilitating the refinancing of this property. His extensive expertise in commercial real estate financing makes him a valuable resource for anyone seeking similar services.
For further inquiries regarding commercial real estate financing, please reach out to Eli Samaan:
- Mobile: 973-270-4542
- Office: 973-574-3990
- Email: [email protected]
- Website: https://samaancapitalllc.com/
Players
New Jersey 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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93