Updated Oct 29, 2024
TD Bank Provides $2.1M Loan For Retail Acquisition In Edison, NJ
80 Fulton Street, Edison, NJ, USA
$2,100,000
$191/SF
Building Size
10,958 SF
Asset Type
Retail
Closing
Apr 19, 2021
About this deal
AI
80 Fulton Street in Edison, NJ has recently undergone a property transaction. The asset involved in this transaction is a retail property. The property was acquired through an acquisition loan provided by TD Bank. The loan amount for this transaction was $2,100,000. Caillin Boles from Progress Capital served as the broker for this deal. The building, which was purchased vacant, will be renovated into an owner-occupied Design Center.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,100,000
- Lender: TD Bank
- Broker: Caillin Boles @CBoles21 - Progress Capital @Progress.Capital
This transaction involved key individuals and companies who played a significant role in the deal. In particular, Caillin Boles represented the buyer as the broker from Progress Capital. The involvement of these individuals and organizations contributed to the successful completion of this transaction.
Players
Edison Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
Loading comparables…
Deal FAQ
Visit Caillin Boles to view all their deals.
Browse New Jersey retail loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93