Meridian Capital Group Brokers Secure $7M& Loan For Industrial Property In Toms River, NJ

Located at 1820 Route 9 in Toms River, NJ, this industrial property spans across 26,900 square feet. The deal closed on 09/06/2022, with a loan amount of $7,017,250. The loan was obtained through a combination of SBA 504 Loan and SBA 7a Loan types. The terms of the loan included 90%+ financing and the provision of 3 years of interest-only payments by the Bank.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $7,017,250
• Address: 1820 Route 9, Toms River, NJ
• Market: Toms River, NJ
• Loan Type: SBA 504 Loan & SBA 7a Loan
• Loan Term: 3 years of interest only payments

The deal was facilitated by the brokers Isaac Filler, Yossi Koschitzki, and Elliot Levy from the Meridian Capital Group. Their expertise and representation played a crucial role in successfully closing this transaction.