Abe Shnay Scott Shnay David Manheimer Secure $2.55 Million Loan For Industrial Asset In Plainfield

An industrial property located at 130-140 East 5th Street in the Plainfield market encompasses a total area of 58,000 square feet. This asset was involved in a loan transaction amounting to $2,550,000, which was designated for acquisition purposes.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $2,550,000
• Lender: Andy Waldman - 360 Capital Funding
• Landlord: Abe Shnay, Scott Shnay & David Manheimer
• Broker: Daniel Kowalsky - HKS Real Estate Advisors
• Loan Type: Acquisition

The deal featured key individuals such as broker Daniel Kowalsky from HKS Real Estate Advisors, who represented the transaction. The lending party was led by Andy Waldman of 360 Capital Funding, facilitating the funding for the acquisition. The landlords included Abe Shnay, Scott Shnay, and David Manheimer, who hold ownership of the asset involved in this transaction.