Updated Oct 29, 2024
Valley National Bank Provides $8.05M Loan For Office Property In Tinton Falls, NJ
766 Shrewsbury Avenue, Tinton Falls, NJ, USA
$8,050,000
$177/SF
Building Size
45,409 SF
Asset Type
Office
Closing
Jan 25, 2021
About this deal
AI
The property involved in this closed transaction is an office located at 766 Shrewsbury Ave in Tinton Falls, NJ. The transaction took place on January 26, 2021.
Summary of transaction details:
- Property Type: Office
- Transaction Date: January 26, 2021
- Address: 766 Shrewsbury Ave
- Market: Tinton Falls, NJ
The lender in this transaction was Valley National Bank. The landlord involved is Paramount Realty. The broker representing this deal is Morris Dweck from ABS Altman Warwick.
The loan amount for this transaction was $8,050,000 with the following terms: 7 years, 30-year amortization, and an interest rate of 3.6%.
Players
Shrewsbury Office Market Snapshot
Boundary boundary · Office · Loan transactions
Loading comparables…
Deal FAQ
Visit Morris Dweck to view all their deals.
Browse New Jersey office loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.97%
Cash-on-Cash
-0.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93