Updated Oct 13, 2026
Meridian Capital Group Arranges $18M CMBS Refinance For Retail Properties In Raritan & Union, NJ, Jamaica
2706 US Route 22, Union Township, New Jersey 07083, United States
$18,000,000
$383/SF
Building Size
47,000 SF
Asset Type
Retail
Closing
Nov 18, 2021
About this deal
AI
The retail property located at 401 NJ-28, 2706 Route 22, and 162-24 Jamaica Avenue in Raritan & Union, NJ, and Jamaica has undergone a CMBS refinance. The property spans approximately 47,000 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $18,000,000
- Loan Type: CMBS Refinance
Icer Properties, represented by Joseph Jemal, is the landlord of this retail property. The brokers involved in the deal are Cary Pollack and Judah Neuman from Meridian Capital Group.
On the Map
$18,000,000
$383/SF
Retail
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Players
Union 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
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93