Updated Dec 4, 2024
Sheridan Capital LLC Provides $11.6M Bridge Loan For Office Property On Kinderkamack Road In Oradell, NJ
700 Kinderkamack Road, Oradell, NJ, USA
$11,600,000
$199/SF
Building Size
58,196 SF
Asset Type
Office
Closing
May 12, 2021
About this deal
AI
A bridge loan in the amount of $11,600,000 was secured for the office property located at 700 & 800 Kinderkamack Road in Oradell, NJ. The loan was provided by Sheridan Capital LLC.
Summary of transation details
- Property Type: Office
- Transaction Amount: $11,600,000
- Address: 700 & 800 Kinderkamack Road
- Market: Oradell, NJ
The individuals and companies involved in the deal include Sheridan Capital LLC as the lender.
The office loan at 700 Kinderkamack Road, Oradell, NJ, USA in Oradell, New Jersey financed for $11.6M in 2021. The building is 58,196 square feet, implying about 199 per square foot on the published price. Sheridan Capital appears on the loan alongside Sheridan Capital. This page is the Oradell, New Jersey file for the 700 Kinderkamack Road, Oradell, NJ, USA office financed: pricing, party profiles, and other closed office comps from the same Oradell sit in the Market section below. Filter that Oradell office set by closing date to see what else financed near 700 Kinderkamack Road, Oradell, NJ, USA around 2021. Published consideration for 700 Kinderkamack Road, Oradell, NJ, USA is $11.6M, dated 2021. Cite this Sheridan Capital LLC Provides $11.6M Bridge Loan For Office Property On Kinderkamack Road In Oradell, NJ loan when underwriting similar office product around Oradell, New Jersey.
Players
Oradell Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.37%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93