Meridian Capital Group Arranges $18M CMBS Refinance For Retail Properties In Raritan & Union, NJ, Jamaica
FINANCED
$18,000,000
New Jersey
See Similar DealsRetail47,000 SF
Financed 11/18/2021
FINANCED
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
See Similar DealsRetail47,000 SF
Financed 11/18/2021
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$383
Total Square Footage:47,000 SF
Transaction Type:Loan
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.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$18,000,000.00
Monthly NOI$120,000.00
Monthly Debt Service$113,772.24
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions