Credit Suisse Provides $155 Million Loan For Jersey City Retail Property
FINANCED
$155,000,000
New Jersey
See Similar DealsRetail
Financed 09/16/2022
FINANCED
Credit Suisse Provides $155 Million Loan For Jersey City Retail Property
30 Mall Drive West, Jersey City, New Jersey 07310, United States
See Similar DealsRetail
Financed 09/16/2022
Summary
NEW JERSEY
Asset Type:Retail
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$155,000,000.00
Monthly NOI$1,033,333.33
Monthly Debt Service$979,705.44
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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