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923 Cedar Bridge

Michael J. Gefter Secures $970,000 Loan For Retail Asset At 923 Cedar Bridge In Brick
FINANCEDRetail

Michael J. Gefter Secures $970,000 Loan For Retail Asset At 923 Cedar Bridge In Brick

923 Cedar Bridge

$970,000

$115/SF

Building Size

8,400 SF

Asset Type

Retail

Closing

Nov 24, 2023

AI

The property asset involved in this transaction is located at 923 Cedar Bridge in Brick. It is classified as retail real estate with a loan amount of $970,000.00. The specific features of the property, such as square footage and market value, are not provided.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $970,000.00
  • Address: 923 Cedar Bridge
  • Market: Brick
  • Loan Amount: $970,000.00
  • Broker: Michael J. Gefter

The key individual involved in this transaction is broker Michael J. Gefter, who represents the parties in this loan agreement. No landlord details are provided in the context of this transaction.

Players

Michael J. Gefter

Broker Company 1

Broker

$282.5M

vol

66 deals

Broker
Habib American Bank (HAB BANK)
Habib American Bank (HAB BANK)Lender

Nav Singh

Landlord Company Name

Landlord

$2.5M

vol

1 deal

Landlord

Brick Retail Market Snapshot

Boundary boundary · Retail · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

16.35%

Cash-on-Cash

-4.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93