Updated Oct 28, 2024
Starwood Mortgage Capital Provides $71.5M Refinance Loan For Office Property In Basking Ridge, NJ
106-110 Allen Road, Basking Ridge, NJ, USA
$71,500,000
$160/SF
Building Size
446,465 SF
Asset Type
Office
Closing
Sep 10, 2021
About this deal
AI
The property involved in this transaction is an office building located at 106-110 Allen Road & 121 Chanlon Road in Basking Ridge, NJ. The property spans approximately 446,465 square feet. It was refinanced through a loan.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $71,500,000
- Loan Type: Refinance
- Lender: Starwood Mortgage Capital
- Landlord: Signature Acquisitions
- Broker: Henry Bodek - Galaxy Capital
The lender in this transaction is Starwood Mortgage Capital, while the landlord is Signature Acquisitions. The broker representing the deal is Henry Bodek from Galaxy Capital.
Players
Basking Ridge Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93