Meridian Capital Group Arranges $27.3M Loan For Office Property In Bridgewater, NJ
FINANCED
$27,300,000
+ 2
New Jersey
See Similar DealsOffice117,000 SF
Financed 04/07/2022
FINANCED
Meridian Capital Group Arranges $27.3M Loan For Office Property In Bridgewater, NJ
700 US Highway 202/20
See Similar DealsOffice117,000 SF
Financed 04/07/2022
+ 2
Summary
NEW JERSEY
Asset Type:Office
Price Per Square Foot:$233
Total Square Footage:117,000 SF
Transaction Type:Loan
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
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
$27,300,000.00
Monthly NOI$182,000.00
Monthly Debt Service$172,554.57
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions