FINANCED
Provident Bank Provides $1.6M Acquisition Loan For Industrial Property In Wall Township, NJ
5020 Industrial Road
Industrial
12,250 SF
12,250 SF
Summary
Loan
NEW JERSEY
Industrial
12,250 sqft
An industrial property located at 5020 Industrial Road in Wall Township, NJ was involved in a recent closed transaction. The property, classified as an industrial asset, was the subject of an acquisition deal.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,600,000
- Address: 5020 Industrial Road, Wall Township, NJ
- Market: Wall Township, NJ
The loan for this acquisition deal was provided by Provident Bank. The loan amount was $1,600,000, representing 80% loan-to-value (LTV) ratio. The terms of the loan included owner occupancy and a 3.50% interest rate.
Representing the transaction were brokers Jeff Feldman and Alan Rosenbaum, who facilitated the deal on behalf of the parties involved.
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Details
FINANCED
IMAGE: Alan Rosenbaum & Jeff Feldman
DATE: 08/09/2021
ADDRESS: 5020 Industrial Road
MARKET: Wall Township, NJ
ASSET TYPE: Industrial
LENDER: Provident Bank
BROKERS: Jeff Feldman (@JFeldman.Cre) & Alan Rosenbaum
LOAN AMOUNT: $1,600,000
LOAN TERMS: 80% LTV, Owner Occupied, 3.50% Rate
LOAN TYPE: AcquisitionView on map
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Address5020 Industrial Road
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