First Commerce Bank Provides $6.5M Refinance Loan For Ridgewood, NJ Office Property
FINANCED
$6,500,000
New Jersey
See Similar DealsOffice20,687 SF
Financed 09/22/2022
FINANCED
First Commerce Bank Provides $6.5M Refinance Loan For Ridgewood, NJ Office Property
45 North Broad Street, Ridgewood, New Jersey 07450, United States
See Similar DealsOffice20,687 SF
Financed 09/22/2022
Summary
NEW JERSEY
Asset Type:Office
Price Per Square Foot:$314
Total Square Footage:20,687 SF
Transaction Type:Loan
An office property located at 45 N. Broad St in Ridgewood, NJ has been involved in a recent loan transaction. The property spans approximately 20,687 square feet and is situated in the Ridgewood market.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $6,500,000
- Loan Type: Refinance
In this transaction, First Commerce Bank acted as the lender. Progress Capital, through Brian Anderson, represented the borrower during this loan refinance process.
Players
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
$6,500,000.00
Monthly NOI$43,333.33
Monthly Debt Service$41,084.42
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions