Caillin Boles Arranges $2.1M Refinance Loan On Mixed-Use Property In Hoboken, NJ
FINANCED
$2,100,000
New Jersey
See Similar DealsMixed-use8,090 SF
Financed 03/04/2024
FINANCED
Caillin Boles Arranges $2.1M Refinance Loan On Mixed-Use Property In Hoboken, NJ
56 3rd Street
See Similar DealsMixed-use8,090 SF
Financed 03/04/2024
Summary
NEW JERSEY
Asset Type:Mixed-use
Price Per Square Foot:$259
Total Square Footage:8,090 SF
Transaction Type:Loan
The mixed-use property located at 56 Third Street in Hoboken, NJ, boasts a total square footage of 8,090. The recent transaction involved a refinance loan amounting to $2,100,000 at a fixed rate of 5.85% for 5 years.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,100,000
- Market: Hoboken, NJ
- Address: 56 Third Street
- Loan Type: Refinance
- Loan Terms: 5.85% Rate Fixed for 5-Years
Seth Martin is the landlord of the property, while Caillin Boles from Progress Capital represented the deal as the broker.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,100,000.00
Monthly NOI$14,000.00
Monthly Debt Service$13,273.43
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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