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East Broad Street

Drew Crockett & Joseph Belgiovine Secure $9.3 Million Refinance For Mixed-Use Property In Westfield
FINANCEDMixed-use

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:

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

Joseph Belgiovine

Providence Real Estate Advisors

Broker

$135.4M

vol

8 deals

Broker
Providence Real Estate Advisors
Providence Real Estate AdvisorsBrokerage

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