Black Bear Capital Partners (“BBCP”) is pleased to announce the successful closing of a $3,020,000 refinancing for an 11,000-square-foot, (NNN) single-tenant medical office property located in Bayonne, NJ.
FINANCED
$3,020,000
New Jersey
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Financed 05/28/2026
FINANCED
Black Bear Capital Partners (“BBCP”) is pleased to announce the successful closing of a $3,020,000 refinancing for an 11,000-square-foot, (NNN) single-tenant medical office property located in Bayonne, NJ.
471 Broadway /
See Similar DealsOffice
Financed 05/28/2026
Summary
NEW JERSEY
Asset Type:Office
Transaction Type:Loan
The asset is a single-tenant medical office property located at 471 Broadway in Bayonne, NJ, encompassing 11,000 square feet. The recent refinancing secured a loan amount of $3,020,000.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $3,020,000
- Loan Type: Refinance
- Loan Terms: Five-year fixed-rate loan with a 25-year amortization schedule
- Capital Market Advisor: Emil DePasquale - Black Bear Capital Partners
- Date of Transaction: 5/29/2026
- Market: Bayonne, NJ
Emil DePasquale of Black Bear Capital Partners was instrumental in advising during this refinancing transaction for the medical office property, facilitating the successful closing of the loan arrangement.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,020,000.00
Monthly NOI$20,133.33
Monthly Debt Service$19,088.45
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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