First Commerce Bank Provides $7.07M Acquisition Loan For Retail Property At 454 NJ-28 In Bridgewater, NJ - Brad Domenico & Eddie Miro Represent Progress Capital
FINANCED
$7,070,000
New Jersey
See Similar DealsRetail52,600 SF
Financed 09/19/2022
FINANCED
First Commerce Bank Provides $7.07M Acquisition Loan For Retail Property At 454 NJ-28 In Bridgewater, NJ - Brad Domenico & Eddie Miro Represent Progress Capital
454 NJ-28, Bridgewater Township, NJ 08807, USA
See Similar DealsRetail52,600 SF
Financed 09/19/2022
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$134
Total Square Footage:52,600 SF
Transaction Type:Loan
A retail property located at 454 NJ-28 in Bridgewater, NJ has been acquired in a recent transaction. The property spans a total of 52,600 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,070,000
- Address: 454 NJ-28, Bridgewater, NJ
- Market: Bridgewater, NJ
- Lender: First Commerce Bank
- Landlord: Paul Fine - Woodcrest Properties
- Brokers: Brad Domenico & Eddie Miro - Progress Capital
The acquisition was financed through a loan provided by First Commerce Bank. Brad Domenico and Eddie Miro from Progress Capital represented the buyer in this deal.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$7,070,000.00
Monthly NOI$47,133.33
Monthly Debt Service$44,687.21
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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