Investors Bank Refinances Retail Property In Lacey, NJ For $3.865M
FINANCED
$3,865,000
New Jersey
See Similar DealsRetail14,600 SF
Financed 01/12/2022
FINANCED
Investors Bank Refinances Retail Property In Lacey, NJ For $3.865M
404 S Main St, Lacey, New Jersey 08731, United States
See Similar DealsRetail14,600 SF
Financed 01/12/2022
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$264
Total Square Footage:14,600 SF
Transaction Type:Loan
Located at 404-416 S. Main Street in Lacey, NJ, this retail property spans 14,600 square feet. The property was recently involved in a loan transaction.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,865,000
- Date: 01/12/2022
- Lender: Investors Bank
- Landlord: Doherty Enterprises - Ed Doherty
- Brokers: Gabby Cali & Jack Subers – Progress Capital
The loan, provided by Investors Bank, was for a refinance of the property. The transaction was facilitated by brokers Gabby Cali and Jack Subers from Progress Capital.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,865,000.00
Monthly NOI$25,766.67
Monthly Debt Service$24,429.43
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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