Columbia Bank Provides $18.44 Million Construction Loan For Mixed-Use Development In Green Brook, NJ
74 78 Greenbrook Road
$18,440,000
$209/SF
Building Size
87,850 SF
Asset Type
Mixed-use
Closing
Jan 30, 2025
AI
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:
- Property Type: Mixed-use
- Transaction Amount: $18,440,000
- Address: 74-78 Greenbrook Road
- Market: Green Brook, NJ
- Lender: Columbia Bank
- Landlord: Fox & Foxx Development
- Brokers: Kathy Anderson & Caillin Boles - Cushman & Wakefield
- Loan Type: Construction
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
Green Brook 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
0.86%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93