$5.6 Million Refinance Secured For Medical Office In Bridgewater New Jersey By Meridian Capital Group
FINANCED
$5,600,000
New Jersey
See Similar DealsOffice1 SF
Financed
FINANCED
$5.6 Million Refinance Secured For Medical Office In Bridgewater New Jersey By Meridian Capital Group
Office1 SF
Financed
Summary
NEW JERSEY
Asset Type:Office
Price Per Square Foot:$5600000
Total Square Footage:1 SF
Transaction Type:Loan
This transaction involves a medical office asset located in Bridgewater, New Jersey. The refinance loan secured for this asset amounts to $5,600,000, structured as a 5-year loan with a 30-year amortization period.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $5,600,000
- Loan Type: Refinance
- Loan Terms: 5 year loan, 30 year amortization
- Market: Bridgewater, New Jersey
- Broker Representatives: Chaim Sherwinter & Paul Gilbert - Meridian Capital Group
The brokers representing this transaction, Chaim Sherwinter and Paul Gilbert, are affiliated with Meridian Capital Group. They can be contacted for inquiries on how they can add value to portfolios.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$5,600,000.00
Monthly NOI$37,333.33
Monthly Debt Service$35,395.81
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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