Updated Nov 28, 2024
Signature Bank Provides $8.5M Refinance Loan For Mixed-Use Property In North Bergen, NJ
Kennedy Boulevard, North Bergen, NJ
$8,500,000
$63/SF
Building Size
135,000 SF
Asset Type
Mixed-use
Closing
Nov 16, 2022
About this deal
AI
The mixed-use property located on Kennedy Boulevard in North Bergen, NJ has undergone a loan transaction. The property spans 135,000 square feet.
Summary of transaction details:
- Property Type: Mixed-Use
- Transaction Amount: $8,500,000
- Loan Type: Refinance
The loan was provided by Signature Bank, with Mark Krowling and Joe Fingerman representing the bank. The brokers involved in the transaction were Morris Diamant and David Liechtung from Meridian Capital Group.
The mixed use loan at Kennedy Boulevard, North Bergen, NJ in North Bergen, New Jersey financed for $8.5M in 2022. The building is 135,000 square feet, implying about 63 per square foot on the published price. Morris Diamant, David Liechtung, Joe Fingerman, Meridian Capital Group appear on the loan alongside Meridian Capital Group. This page is the North Bergen, New Jersey file for the Kennedy Boulevard, North Bergen, NJ mixed use financed: pricing, party profiles, and other closed mixed use comps from the same North Bergen sit in the Market section below. Filter that North Bergen mixed use set by closing date to see what else financed near Kennedy Boulevard, North Bergen, NJ around 2022. Published consideration for Kennedy Boulevard, North Bergen, NJ is $8.5M, dated 2022. Cite this Signature Bank Provides $8.5M Refinance Loan For Mixed-Use Property In North Bergen, NJ loan when underwriting similar mixed use product around North Bergen, New Jersey.
Players
North Bergen 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
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93