Meridian Capital Group Arranges $27.3M Loan For Office Property In Bridgewater, NJ
700 US Highway 202/20
$27,300,000
$233/SF
Building Size
117,000 SF
Asset Type
Office
Closing
Apr 7, 2022
AI
A loan transaction has taken place in Bridgewater, NJ. The property involved is an office space with a total area of 117,000 square feet, located at 700 Route 202-206.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $27,300,000
- Market: Bridgewater, NJ
The loan was facilitated by Isaac Lifshitz and Scott Assouline from Meridian Capital Group. They represented the parties involved in the deal.
The loan amount for the transaction was $27,300,000. It was a purchase loan with the following terms: a fixed interest rate of 3.875% for 5 years, one year of interest-only payments, followed by a 30-year amortization period.
Players
Bridgewater Office Market Snapshot
Boundary boundary · Office · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.58%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93