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Eastone Equities LLC Secures $89.5M Loan For Mixed-Use Properties In Harrison, NJ

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FINANCED
$89,500,000
Robyn Pellegrino
Nicole Dlugosz
+ 7

New Jersey

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MultiFamily7,100 SF
Financed 12/16/2020
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Property Image
FINANCED

Eastone Equities LLC Secures $89.5M Loan For Mixed-Use Properties In Harrison, NJ

700 Frank E Rodgers Boulevard South, Harrison, NJ, USA

See Similar Deals
MultiFamily7,100 SF
Financed 12/16/2020
Robyn Pellegrino
Nicole Dlugosz
+ 7
Contact now

Summary

NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$12,605
Total Square Footage:7,100 SF
Transaction Type:Loan

600 Rodgers Boulevard South, 700 Rodgers Boulevard South, and 600 South Fifth Street in Harrison were part of a recent closed transaction. The mixed-use asset located in this market was involved in a deal that took place on 12/17/2020. The property's loan amount was $89,500,000.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $89,500,000
  • Lender: Invictus Real Estate Partners
  • Landlord: Eastone Equities LLC
  • Brokers: Jordan A. Fisch, Matthew S. Schneid, Wendy M. Berger, Jill B. Richardson, Catherine E. Bostock, Robyn A. Pellegrino, Cristina M. Riggio, Isabelle R. Jacobs, Aaron Brotman, and Nicole Dlugosz - Cole Schotz P.C.

The deal involved various key individuals and companies. The brokers representing the parties in this transaction were Jordan A. Fisch, Matthew S. Schneid, Wendy M. Berger, Jill B. Richardson, Catherine E. Bostock, Robyn A. Pellegrino, Cristina M. Riggio, Isabelle R. Jacobs, Aaron Brotman, and Nicole Dlugosz from Cole Schotz P.C.

Players

1 deal$89.5M volume
BROKER

Matthew Schneid
1 deal$89.5M volume
BROKER

Wendy Berger
1 deal$89.5M volume
BROKER

Jill Richardson
1 deal$89.5M volume
BROKER

Catherine Bostock
1 deal$89.5M volume
BROKER

Robyn Pellegrino
1 deal$89.5M volume
BROKER

Cristina Riggio
1 deal$89.5M volume
BROKER

Isabelle Jacobs
1 deal$89.5M volume
BROKER

Aaron Brotman
1 deal$89.5M volume
BROKER

Nicole Dlugosz
1 deal$89.5M volume
BROKER

JLL
BROKERAGE

Details

FINANCED
IMAGE: Jordan A. Fisch, Matthew S. Schneid, & Wendy M. Berger DATE: 12/17/2020 ADDRESS: 600 Rodgers Boulevard South, 700 Rodgers Boulevard South & 600 South Fifth Street MARKET: Harrison ASSET TYPE: Mixed-use LENDER: Invictus Real Estate Partners LANDLORD: Eastone Equities LLC BROKERS: Jordan A. Fisch, Matthew S. Schneid, Wendy M. Berger, Jill B. Richardson, Catherine E. Bostock, Robyn A. Pellegrino, Cristina M. Riggio, Isabelle R. Jacobs, Aaron Brotman & Nicole Dlugosz - Cole Schotz P.C. LOAN AMOUNT: $89,500,000

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$89,500,000.00

Monthly NOI$596,666.67
Monthly Debt Service$565,700.88
Change in Cash Flow$0.00
Refinance Proceeds$0.00