Haven Savings Bank Provides $2.2M Loan For Office Property In Wall Township, NJ
FINANCED
$2,200,000
New Jersey
See Similar DealsOffice11,896 SF
Financed 02/16/2021
FINANCED
Haven Savings Bank Provides $2.2M Loan For Office Property In Wall Township, NJ
2101 Highway 34, Wall Township, NJ, USA
See Similar DealsOffice11,896 SF
Financed 02/16/2021
Summary
NEW JERSEY
Asset Type:Office
Price Per Square Foot:$184
Total Square Footage:11,896 SF
Transaction Type:Loan
The office property located at 2101 Highway 34 in Wall Township, NJ has recently secured a loan of $2,200,000. The loan was provided by Haven Savings Bank.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,200,000
- Address: 2101 Highway 34, Wall Township, NJ
- Market: Wall Township, NJ
The landlord of the property is Jerald Cernero from The Jerald Development Group. The loan terms for this transaction include a 5-year fixed rate with 2 years of interest-only payments.
Kathy Anderson from Progress Capital represented the borrower in this deal. She can be contacted at 908-601-4891 or [email protected] for further information.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,200,000.00
Monthly NOI$14,666.67
Monthly Debt Service$13,905.50
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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