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Justin Herman Of TD Bank Provides $2.125M Refinance For Medical Office In Westfield, NJ

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FINANCED
$2,125,000

New Jersey

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Office27,120 SF
Financed
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FINANCED

Justin Herman Of TD Bank Provides $2.125M Refinance For Medical Office In Westfield, NJ

Office27,120 SF
Financed
Contact now

Summary

NEW JERSEY
Asset Type:Office
Price Per Square Foot:$78
Total Square Footage:27120 SF
Transaction Type:Loan

The asset involved in the transaction is a medical office located in Westfield, NJ, encompassing a total square footage of 13,560. The loan amount for this property is $2,125,000, which is categorized as a refinance with a sub-6% interest rate.

Summary of transaction details:

Chaim Sherwinter and Paul Gilbert are the brokers representing the financing transaction through Meridian Capital Group. Chaim Sherwinter holds the position of Vice President with Meridian and is located at 517 Route 1 South Ste 4000, Iselin, NJ 08830. He can be contacted at the office number 732-301-3261 or via cell at 917-374-5027, and his email address is [email protected]. A note from the broker indicates that those interested in financing assistance can contact Chaim Sherwinter for support.

Players

Paul Gilbert
12 deals$150.7M volume
BROKER

Chaim Sherwinter
Meridian Capital Group
5 deals$44.8M volume(732) 301-3261
BROKER

TD Bank
LENDER

TD Bank
LENDER

Details

FINANCED
IMAGE: Chaim Sherwinter, Paul Gilbert & Justin Herman DATE: 03/21/2025 MARKET: Westfield, NJ ASSET TYPE: Medical Office ~ SF: 13,560 LENDER: Justin Herman - TD Bank (@TDBank_US) BROKERS: Chaim Sherwinter & Paul Gilbert - Meridian Capital Group (@Meridian.Capital.Group) LOAN AMOUNT: $2,125,000 LOAN TYPE: Refinance LOAN TERM: Sub-6% rate NOTE FROM BROKER: To see how Meridian can assist with you financing needs, contact Chaim Sherwinter. Chaim Sherwinter Vice President Meridian Capital Group 517 Route 1 South Ste 4000 Iselin, NJ 08830 Office 732-301-3261 Cell 917-374-5027 [email protected]

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$2,125,000.00

Monthly NOI$14,166.67
Monthly Debt Service$13,431.45
Change in Cash Flow$0.00
Refinance Proceeds$0.00