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12101 Harland Drive Northeast

Filler Capital Closes $13M Refinance Loan For Industrial Property In Covington, GA
FINANCEDIndustrial

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

Isaac Filler

Filler Capital

Broker

$1.7B

vol

77 deals

Broker
Filler Capital
Filler CapitalBrokerage

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