Meridian Capital Group Refinances Somerset Financial Center In Somerset, NJ For $47.5M
FINANCED
$47,500,000
New Jersey
See Similar DealsOffice
Financed 10/31/2022
FINANCED
Meridian Capital Group Refinances Somerset Financial Center In Somerset, NJ For $47.5M
1405 US Highway 206, Bedminster, New Jersey 07921, United States
See Similar DealsOffice
Financed 10/31/2022
Summary
NEW JERSEY
Asset Type:Office
Transaction Type:Loan
The Somerset Financial Center in Somerset, NJ has undergone a refinancing transaction. The office property located at 1405 US-206 was involved in this deal. The loan amount for this transaction was $47,500,000. The purpose of the loan was to refinance the property.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $47,500,000
- Address: 1405 US-206, Somerset, NJ
- Market: Somerset, NJ
Ronnie Levine, Ben Jacobs, and AJ Bruno from Meridian Capital Group represented the parties involved in this refinancing transaction at the Somerset Financial Center in Somerset, NJ.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$47,500,000.00
Monthly NOI$316,666.67
Monthly Debt Service$300,232.31
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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