Drew Crockett & Joseph Belgiovine Secure $9.3 Million Refinance For Mixed-Use Property In Westfield
East Broad Street
$9,300,000
Building Size
—
Asset Type
Mixed-use
Closing
Nov 5, 2025
AI
The asset located at 256-264 E. Broad Street in Westfield is categorized as mixed-use. The reported loan amount for this property is $9,300,000, which is part of a refinance arrangement.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $9,300,000
- Loan Type: Refinance
- Date: 11/06/2025
- Brokers: Drew Crockett & Joseph Belgiovine - Providence Real Estate Advisors
Drew Crockett and Joseph Belgiovine, representing Providence Real Estate Advisors, facilitated the refinance transaction for the property at 256-264 E. Broad Street. Their involvement highlights their expertise in handling mixed-use assets within the Westfield market.
Players
Westfield 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
1.71%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93