Updated May 12, 2025
$5.6 Million Refinance Secured For Medical Office In Bridgewater New Jersey By Meridian Capital Group
$5,600,000
$5,600,000/SF
Building Size
1 SF
Asset Type
Office
Closing
Jan 31, 2025
About this deal
AI
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.
Market 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
2.83%
Cash-on-Cash
-0.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93