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Filler Capital Secures $15.35 Million Construction Loan For Development Site In Tinton Falls

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FINANCED
$15,350,000
Yossi Koschitzki
Isaac Filler
Michael Neumann

New Jersey

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Development Site129,600 SF
Financed 11/06/2024
the dealplayerscompscontact
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FINANCED

Filler Capital Secures $15.35 Million Construction Loan For Development Site In Tinton Falls

49 Shark River Road

See Similar Deals
Development Site129,600 SF
Financed 11/06/2024
Yossi Koschitzki
Isaac Filler
Michael Neumann
the dealplayerscompscontact
Contact now

Summary

NEW JERSEY
Asset Type:Development Site
Price Per Square Foot:$118
Total Square Footage:129,600 SF
Transaction Type:Loan

An industrial development site located at 49 Shark River Road in Tinton Falls has received a construction loan amounting to $15,350,000. The site encompasses 129,600 square feet and is strategically positioned near the Garden State Parkway and NJ Routes 33 & 66.

Summary of transaction details:

Filler Capital LLC facilitated the arrangement of the construction loan for this industrial asset. The team involved in the transaction includes Isaac Filler, Yossi Koschitzki, and Michael Neumann, who played a crucial role in securing the funding for the future development of the facility.

Players

Isaac Filler
Filler Capital
Isaac Filler
77 deals$1.7B volume
BROKER
Yossi Koschitzki
Filler Capital
Yossi Koschitzki
63 deals$1.3B volume
BROKER
Michael Neumann
Filler Capital
Michael Neumann
35 deals$516.7M volume(516) 367-0440
BROKER

Details

FINANCED
IMAGE: Isaac Filler, Yossi Koschitzki & Michael Neumann DATE: 11/06/2024 ADDRESS: 49 Shark River Road MARKET: Tinton Falls ASSET TYPE: Development Site ~ BSF: 129,600 BROKERS: Isaac Filler, Yossi Koschitzki & Michael Neumann - Filler Capital LOAN AMOUNT: $15,350,000 LOAN TYPE: Construction NOTE FROM BROKER: Filler Capital LLC has successfully arranged a construction loan for a industrial asset located at 49 Shark River Road, Tinton Falls, NJ. This project entails the future development of a 129,600 SF multi-tenant industrial facility situated conveniently near the Garden State Parkway and NJ Routes 33 & 66. For bespoke debt solutions, please contact: Isaac: [email protected] Yossi: [email protected] Michael: [email protected] Shaya: [email protected] Steve: [email protected]

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$15,350,000.00

Monthly NOI$102,333.33
Monthly Debt Service$97,022.44
Change in Cash Flow$0.00
Refinance Proceeds$0.00