Credit Suisse Provides $155 Million Loan For Jersey City Retail Property
30 Mall Drive West, Jersey City, New Jersey 07310, United States
$155,000,000
Building Size
—
Asset Type
Retail
Closing
Sep 15, 2022
AI
A retail property located at 30 Mall Dr W in Jersey City has recently been involved in a closed transaction. The property spans across an impressive 972,484 acres, making it a substantial asset in the market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $155,000,000
- Address: 30 Mall Dr W, Jersey City
- Market: Jersey City
The loan for this transaction was provided by Credit Suisse, while the landlords involved in the deal are Simon Property Group and LeFrak Family.
No additional details are available regarding the individuals or companies involved in this transaction.
Players
Jersey City Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93