Filler Capital Closes $13M Refinance Loan For Industrial Property In Covington, GA
12101 Harland Drive Northeast
$13,000,000
$69/SF
Building Size
188,225 SF
Asset Type
Industrial
Closing
Sep 9, 2025
AI
An industrial property located at 12101 Harland Drive Northeast in Covington, GA, has successfully closed a refinance transaction. The property encompasses a total square footage of 188,225. The loan amount for this transaction was $13,000,000, arranged through a balance sheet lender, featuring an aggressive rate and flexible prepayment terms.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $13,000,000
- Asset Square Footage: 188,225
- Address: 12101 Harland Drive Northeast
- Market: Covington
- Loan Type: Refinance
The closing was facilitated by the team at Filler Capital, which includes Isaac Filler, Yossi Koschitzki, and Michael Neumann. The transaction exemplifies Filler Capital's capacity to provide tailored financing solutions, achieved through strong lending relationships and a focus on aligning terms with the client's business objectives. The team expresses gratitude to their capital partners for their support and execution throughout this process.
Players
Covington Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93