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641 Knickerbocker Road

Cross River Bank Provides $6.54M Refinance Loan For Campgrounds In Livingston Manor
FINANCEDMixed-use

Cross River Bank Provides $6.54M Refinance Loan For Campgrounds In Livingston Manor

641 Knickerbocker Road

$6,545,000

$6,545,000/SF

Building Size

1 SF

Asset Type

Mixed-use

Closing

Mar 6, 2025

AI

The asset involved in this transaction is a campground located at 641 Knickerbocker Road in the Livingston Manor market. The loan amount secured for refinancing this property is $6,545,000, provided by Cross River Bank.

Summary of transaction details:

  • Property Type: Campgrounds
  • Transaction Amount: $6,545,000
  • Lender: Cross River Bank
  • Broker: Paul Gilbert - Meridian Capital Group
  • Loan Type: Refinance
  • Date: 03/06/2025
  • Image: Paul Gilbert & Eli Hazan

Paul Gilbert serves as the Senior Vice President at Meridian Capital Group, with direct contact information available for insights into the unique value Meridian can provide to similar deals. His phone number is 732-580-6148, and his email address is [email protected]. Paul Gilbert represents the broker in this transaction, emphasizing the complexity and individuality of deals in the property market.

Players

Paul Gilbert

Meridian Capital Group

Broker

$150.7M

vol

12 deals

Broker
Cross River Bank
Cross River BankLender

Livingston Manor Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.42%

Cash-on-Cash

-0.69%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93