Updated Dec 20, 2023
Brandon Harris Of BlackBear Capital Partners Arranges $5.9M Refinance Loan For Hillsborough Town Centre Retail In Hillsborough, NJ
411 US Route 206, Hillsborough Township, New Jersey 08844, United States
$5,900,000
$149/SF
Building Size
39,459 SF
Asset Type
Retail
Closing
Jan 17, 2022
About this deal
AI
The Hillsborough Town Centre, located at 411 US-206 in Hillsborough, NJ, has recently undergone a loan refinancing transaction. The retail property covers an area of 39,459 square feet and is situated in the Hillsborough market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,900,000
Brandon Harris from BlackBearCapitalPartners served as the broker for this transaction. The loan amount secured for the refinancing was $5,900,000 with a fixed interest rate of 3.55%. The loan terms span a period of 7 years.
Hillsborough 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
2.69%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93