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
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