Jeremy Levart & Mark Meisner Of Oak Funding Provide $40.5 Million Bridge Loan To Signature Acquisitions
FINANCED
$40,500,000
New Jersey
See Similar DealsOffice432,030 SF
Financed 12/19/2024
FINANCED
Jeremy Levart & Mark Meisner Of Oak Funding Provide $40.5 Million Bridge Loan To Signature Acquisitions
300 Kimball Drive
See Similar DealsOffice432,030 SF
Financed 12/19/2024
Summary
NEW JERSEY
Asset Type:Office
Price Per Square Foot:$93
Total Square Footage:432,030 SF
Transaction Type:Loan
The property is an office asset located at 300 Kimball Drive in Parsippany, featuring a total square footage of 432,030. The transaction involved a loan amounting to $40,500,000, categorized as a bridge loan.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $40,500,000
- Loan Type: Bridge
- Lender: Jeremy Levart & Mark Meisner - Oak Funding
- Landlord: Signature Acquisitions
Key individuals involved in the transaction include lenders Jeremy Levart and Mark Meisner from Oak Funding, who played a critical role in facilitating the bridge loan to the landlord, Signature Acquisitions.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$40,500,000.00
Monthly NOI$270,000.00
Monthly Debt Service$255,987.55
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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