facebook
Traded Co logo
Submit

Spencer Savings Bank Provides $2.8M Refinance Loan For Englewood Medical Office

Property Image
FINANCED
$2,800,000

New Jersey

See Similar Deals
Office7,659 SF
Financed 07/01/2020
the dealplayerscompscontact
Property Image
FINANCED

Spencer Savings Bank Provides $2.8M Refinance Loan For Englewood Medical Office

180 Engle Street, Englewood, NJ 07631

See Similar Deals
Office7,659 SF
Financed 07/01/2020
Contact now

Summary

NEW JERSEY
Asset Type:Office
Price Per Square Foot:$365
Total Square Footage:7,659 SF
Transaction Type:Loan

The medical office located at 180 Engle Street in Englewood, NJ has recently undergone a loan transaction. The loan, which took place on 07/01/2021, was a refinancing deal. Spencer Savings Bank served as the lender for this transaction. The loan amount totaled $2,800,000. The property is owned by Clifford Simon, who operates under B.M.A. Properties. The brokers involved in this deal were David May and Evan Boles from Progress Capital. They were responsible for representing the parties in the transaction.

Summary of transation details

  • Property Type: Medical Office
  • Transaction Amount: $2,800,000
  • Lender: Spencer Savings Bank
  • Landlord: Clifford Simon - B.M.A. Properties
  • Brokers: David May & Evan Boles - Progress Capital

If you are interested in discussing your commercial real estate financing needs, you can reach out to David May at 201-747-6841 or via email at [email protected]. You can also contact Evan Boles at 732-539-5461 or via email at [email protected].

Players

David May
10 deals$24.2M volume
BROKER

Evan Boles
Progress Capital
15 deals$42.5M volume
BROKER

Spencer Savings Bank
LENDER

Details

FINANCED
IMAGE: David May & Evan Boles DATE: 07/01/2021 ADDRESS: 180 Engle Street MARKET: Englewood, NJ ASSET TYPE: Medical Office LENDER: Spencer Savings Bank LANDLORD: Clifford Simon - B.M.A. Properties BROKERS: David May (@Cre_Loans) & Evan Boles (@EvanBoles_) - Progress Capital (@Progress.Capital) LOAN AMOUNT: $2,800,000 LOAN TYPE: Refinance NOTE: Contact David and Evan today to discuss your CRE financing needs!⠀ David: 201-747-6841, [email protected]⠀ Evan: 732-539-5461, [email protected]

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
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$2,800,000.00

Monthly NOI$18,666.67
Monthly Debt Service$17,697.90
Change in Cash Flow$0.00
Refinance Proceeds$0.00