Brian Anderson Secures $4.95M Acquisition Loan In Bridgewater, NJ For Retail Property
FINANCED
$4,950,000
New Jersey
See Similar DealsRetail41,589 SF
Financed 03/07/2024
FINANCED
Brian Anderson Secures $4.95M Acquisition Loan In Bridgewater, NJ For Retail Property
1329 Prince Rodgers Avenue
See Similar DealsRetail41,589 SF
Financed 03/07/2024
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$119
Total Square Footage:41,589 SF
Transaction Type:Loan
The property located at 1329 Prince Rodgers Avenue in Bridgewater, NJ, is a retail asset spanning 41,589 square feet. Michael Mostoff is the landlord of this property.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,950,000
- Loan Type: Acquisition
- Loan Terms: 6.875% fixed for 5-years
Brian Anderson from Progress Capital acted as the broker in this deal. The loan amount secured for this transaction was $4,950,000 at an interest rate of 6.875% fixed for 5 years.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,950,000.00
Monthly NOI$33,000.00
Monthly Debt Service$31,287.37
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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