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745 Us Route 202

$5.6 Million Refinance Secured For Medical Office In Bridgewater New Jersey By Meridian Capital Group
FINANCEDOffice

$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

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:

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.

Players

Paul Gilbert

Meridian Capital Group

Broker

$150.7M

vol

12 deals

Broker

Bridgewater 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