HAB Bank Provides $4.375M Refinance Loan For Retail Property In Budd Lake Owned By Ahmed Hidais
FINANCED
$4,375,000
New Jersey
See Similar DealsRetail48,000 SF
Financed
FINANCED
HAB Bank Provides $4.375M Refinance Loan For Retail Property In Budd Lake Owned By Ahmed Hidais
61 International Drive
See Similar DealsRetail48,000 SF
Financed
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$91
Total Square Footage:48000 SF
Transaction Type:Loan
The property asset involved in this transaction is a retail space with a square footage of 48,000 located at 61 International Drive in the Budd Lake market. The loan amount for this refinance transaction is set at $4,375,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,375,000
- Address: 61 International Drive
- Market: Budd Lake
- Asset Square Footage: 48,000
- Lender: HAB Bank
- Landlord: Ahmed Hidais
- Broker: Joseph Hach - Leviathan
- Loan Type: Refinance
Key individuals involved in this deal include Ahmed Hidais as the landlord and Joseph Hach representing the broker agency Leviathan, facilitating the refinance with HAB Bank as the lender.
Players
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,375,000.00
Monthly NOI$29,166.67
Monthly Debt Service$27,652.98
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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