Bank Of Montreal & 3650 REIT Provide $183.75M Fixed-Rate Acquisition Financing For Office Building In Hoboken, NJ
FINANCED
$183,750,000
New Jersey
See Similar DealsOffice558,000 SF
FINANCED
Bank Of Montreal & 3650 REIT Provide $183.75M Fixed-Rate Acquisition Financing For Office Building In Hoboken, NJ
111 River Street, Hoboken, New Jersey 07030, United States
See Similar DealsOffice558,000 SF
Summary
NEW JERSEY
Asset Type:Office
Price Per Square Foot:$329
Total Square Footage:558,000 SF
Transaction Type:Loan
Located at 111 River Street in Hoboken, NJ, this office property spans a total of 558,000 square feet. The transaction took place on 01/21/22.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $183,750,000
- Address: 111 River Street, Hoboken, NJ
- Market: Hoboken, NJ
- Lender: Bank of Montreal & 3650 REIT
- Brokers: Drew Anderman & Eddie Haber - Meridian Capital Group
- Loan Type: Acquisition
- Loan Terms: Fixed-Rate Acquisition Financing
The loan for this acquisition was provided by Bank of Montreal and 3650 REIT. Representing the parties involved in the deal were Drew Anderman & Eddie Haber from Meridian Capital Group.
Players
LENDER
LENDER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$183,750,000.00
Monthly NOI$1,225,000.00
Monthly Debt Service$1,161,424.99
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions