Updated Sep 5, 2024
TD Bank Provides $8.775M Refinance Loan For Retail Property At 712 East Bay Avenue, Manahawkin, NJ
712 East Bay Avenue, Manahawkin, New Jersey
$8,775,000
Building Size
—
Asset Type
Retail
Closing
Feb 10, 2023
About this deal
AI
The retail property located at 712 East Bay Avenue in Manahawkin, NJ has recently undergone a loan transaction. The loan, valued at $8,775,000, was provided by TD Bank for the purpose of refinancing the property. The asset type of the property is retail, and the landlord is Izzy Linder. The deal was facilitated by brokers Brian Anderson and Eddie Miro from Progress Capital.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $8,775,000
- Lender: TD Bank
- Landlord: Izzy Linder
- Brokers: Brian Anderson & Eddie Miro - Progress Capital
- Loan Type: Refinance
The involvement of Brian Anderson and Eddie Miro from Progress Capital played a significant role in enabling the successful refinancing of the retail property at 712 East Bay Avenue. Their expertise and negotiation skills were instrumental in securing the loan from TD Bank on behalf of the landlord, Izzy Linder.
Players
Stafford Township 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
1.81%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93