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Columbia Bank Provides $18.44 Million Construction Loan For Mixed-Use Development In Green Brook, NJ

Property Image
FINANCED
$18,440,000
Caillin Boles
Kathy Anderson

New Jersey

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Mixed-use87,850 SF
Financed 01/30/2025
the dealplayerscompscontact
Property Image
FINANCED

Columbia Bank Provides $18.44 Million Construction Loan For Mixed-Use Development In Green Brook, NJ

74 78 Greenbrook Road

See Similar Deals
Mixed-use87,850 SF
Financed 01/30/2025
Caillin Boles
Kathy Anderson
the dealplayerscompscontact
Contact now

Summary

NEW JERSEY
Asset Type:Mixed-use
Price Per Square Foot:$209
Total Square Footage:87,850 SF
Transaction Type:Loan

The property asset involved in this transaction is a mixed-use development located at 74-78 Greenbrook Road in Green Brook, NJ, encompassing a total square footage of 87,850. The transaction involves a construction loan amounting to $18,440,000, facilitated by Columbia Bank. The landlord of the property is Fox & Foxx Development.

Summary of transaction details:

This transaction features key individuals such as Kathy Anderson and Caillin Boles, both of whom represent Cushman & Wakefield in this deal. Their involvement highlights the brokerage expertise in facilitating the construction financing for this property development.

Players

Kathy Anderson
Cushman & Wakefield
Kathy Anderson
55 deals$922.6M volume(732) 720-6301
BROKER
Caillin Boles
Cushman & Wakefield
Caillin Boles
44 deals$520.3M volume(732) 720-6308
BROKER
Columbia Bank
Columbia Bank
LENDER

Details

FINANCED
IMAGE: Kathy Anderson & Caillin Boles DATE: 01/30/2025 ADDRESS: 74-78 Greenbrook Road MARKET: Green Brook, NJ ASSET TYPE: Mixed-use ~ SF: 87,850 LENDER: Columbia Bank (@Columbia.Bank) LANDLORD: Fox & Foxx Development (@FoxandFoxxDevelopment) BROKERS: Kathy Anderson (@Money.Girl.Kathy) & Caillin Boles (@CBoles21) - Cushman & Wakefield (@CushWake) LOAN AMOUNT: $18,440,000 LOAN TYPE: Construction

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$18,440,000.00

Monthly NOI$122,933.33
Monthly Debt Service$116,553.34
Change in Cash Flow$0.00
Refinance Proceeds$0.00