Jordan Feldman, Mitchell Feldman & Ryan Briggs Of The Feldman Companies Secure $13.91M Refinance For Self Storage In Holmdel
FINANCED
$13,910,000
New Jersey
See Similar DealsSelf Storage78,400 SF
Financed 11/25/2024
FINANCED
Jordan Feldman, Mitchell Feldman & Ryan Briggs Of The Feldman Companies Secure $13.91M Refinance For Self Storage In Holmdel
2125 New Jersey Highway 35
See Similar DealsSelf Storage78,400 SF
Financed 11/25/2024
Summary
NEW JERSEY
Asset Type:Self Storage
Price Per Square Foot:$177
Total Square Footage:78,400 SF
Transaction Type:Loan
The asset involved in this transaction is a self-storage facility located at 2125 New Jersey Highway 35 in Holmdel, with a total square footage of 78,400. The loan amount for the refinance transaction is $13,910,000.
Summary of transation details:
- Property Type: Self Storage
- Transaction Amount: $13,910,000
- Address: 2125 New Jersey Highway 35
- Market: Holmdel
- Loan Type: Refinance
- Landlord: Jordan Feldman, Mitchell Feldman & Ryan Briggs - The Feldman Companies
The key individuals involved in this deal are Jordan Feldman, Mitchell Feldman, and Ryan Briggs, representing The Feldman Companies as the landlords of the property. Their collaboration highlights their role in managing this refinance transaction.
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$13,910,000.00
Monthly NOI$92,733.33
Monthly Debt Service$87,920.66
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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