Eliezer Finkel And Rael Gervis Of Meridian Capital Group Secures $32M Construction Loan In Lakewood
Avenue Of The States
$32,000,000
Building Size
—
Asset Type
Retail
Closing
Dec 2, 2025
AI
The property asset involved in this transaction is a retail asset located on Avenue of the States in Lakewood, encompassing a total area of 115,000 square feet. The loan amount secured for this construction project is $32,000,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $32,000,000
- Address: Avenue of the States
- Market: Lakewood
- Asset Size: 115,000 BSF
- Loan Type: Construction
Eliezer Finkel and Rael Gervis represent Meridian Capital Group in this transaction, playing a pivotal role in facilitating the loan agreement for the retail asset.
Players
Bayville 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
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93