Updated Oct 28, 2024
Hercules Capital Provides $200M Loan For Medical Facility In Florham Park, NJ
100 Campus Dr, Florham Park, NJ, USA
$200,000,000
$503/SF
Building Size
397,170 SF
Asset Type
Other
Closing
Sep 20, 2021
About this deal
AI
A medical facility located at 100 Campus Dr, Florham Park, NJ has recently been involved in a loan transaction. The loan, amounting to $200,000,000, was provided by Hercules Capital. The loan terms include an interest-only period of three years.
Summary of transaction details
- Property Type: Medical Facility
- Transaction Amount: $200,000,000
- Lender: Hercules Capital - Bryan Jadot & Lake McGuire
- Landlord: Phathom Pharmaceuticals - Terrie Curran
- Financial Advisor: Armentum Partners
- Address: 100 Campus Dr, Florham Park, NJ
The loan transaction involved several key individuals and companies. Bryan Jadot and Lake McGuire represented Hercules Capital as lenders. Terrie Curran acted as the landlord on behalf of Phathom Pharmaceuticals. Armentum Partners provided financial advisory services.
Players
Florham Park Other Market Snapshot
Boundary boundary · Other · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93