Updated Feb 16, 2024
Goldman Sachs And U.S. Bancorp Community Development Corporation Provide $94M Loan For Hinchliffe Stadium In Paterson, NJ
Hinchliffe Stadium, Paterson, NJ, USA
$94,000,000
Building Size
—
Asset Type
Other
Closing
Jun 3, 2020
About this deal
AI
Hinchliffe Stadium, located in Paterson, N.J, was involved in a closed transaction on 06/03/2021. The stadium is an asset type of a stadium. The deal included a loan of $94,000,000.
Summary of transaction details
- Property Type: Stadium
- Transaction Amount: $94,000,000
- Address: Hinchliffe Stadium, Paterson, N.J
- Market: Paterson, N.J
The lender in this deal was Goldman Sachs, represented by Daniel Alger, along with US Bank and U.S. Bancorp Community Development Corporation, represented by Steve Kramer. The landlord consists of BAW Development, represented by Baye Adofo-Wilson, and RPM Development Group, represented by Joe Portelli.
Players
Paterson Other Market Snapshot
Boundary boundary · Other · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93