Bandon Capital Advisors, Inc. Provides $24.05M Refinance Loan In Little Ferry
FINANCED
$24,050,000
New Jersey
See Similar DealsRetail129,329 SF
Financed 05/16/2024
FINANCED
Bandon Capital Advisors, Inc. Provides $24.05M Refinance Loan In Little Ferry
Retail129,329 SF
Financed 05/16/2024
Summary
Asset Type:Retail
Price Per Square Foot:$186
Total Square Footage:129,329 SF
Transaction Type:Loan
The property located at 250 Bergen Turnpike in Little Ferry, NJ, is a retail asset spanning 129,329 square feet. The recent transaction involved a loan for a refinancing purpose, with a total amount of $24,050,000 provided by Bandon Capital Advisors, Inc.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $24,050,000
- Market: Little Ferry, NJ
- Lender: Bandon Capital Advisors, Inc.
- Broker: Kamron F. Aghevli - Bandon Capital Advisors, Inc
- Loan Type: Refinance
- Loan Terms: 5 Year Interest Only; Non-Recourse; Cash-Out Refinance
The loan deal was facilitated by Kamron F. Aghevli from Bandon Capital Advisors, Inc., representing the lender. The agreement includes terms of a 5-year interest-only repayment plan and a unique feature of being a non-recourse loan, allowing for a cash-out refinance option.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$24,050,000.00
Monthly NOI$160,333.33
Monthly Debt Service$152,012.36
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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