Meridian Capital Group Arranges $5.46M Loan For Columbia Medical Center Acquisition In Florham Park
FINANCED
$5,460,000
New Jersey
See Similar DealsOffice19,620 SF
Financed
FINANCED
Meridian Capital Group Arranges $5.46M Loan For Columbia Medical Center Acquisition In Florham Park
128 Columbia Turnpike
See Similar DealsOffice19,620 SF
Financed
Summary
NEW JERSEY
Asset Type:Office
Price Per Square Foot:$278
Total Square Footage:19620 SF
Transaction Type:Loan
The property involved in this transaction is a 19,620 square foot medical office building known as Columbia Medical Center, located at 128 Columbia Turnpike in Florham Park. The loan amount secured for its acquisition is $5,460,000, with First Commerce Bank serving as the lender.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $5,460,000
- Address: 128 Columbia Turnpike
- Market: Florham Park
- Lender: First Commerce Bank
- Loan Type: Acquisition
The deal was brokered by Paul Gilbert and Meir Bienenfeld, both representatives from Meridian Capital Group, who successfully arranged the financing to enable the acquisition of the property.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$5,460,000.00
Monthly NOI$36,400.00
Monthly Debt Service$34,510.91
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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