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712 East Bay Avenue, Manaha...

Updated Sep 5, 2024

TD Bank Provides $8.775M Refinance Loan For Retail Property At 712 East Bay Avenue, Manahawkin, NJ
FINANCEDRetail

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

Brian Anderson

Cushman & Wakefield

Broker

$378.3M

vol

40 deals

Broker
TD Bank
TD BankLender

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

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