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

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FINANCED
$2,550,000

New Jersey

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Industrial58,000 SF
Financed 07/01/2025
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FINANCED

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

130 140 East 5th Street

See Similar Deals
Industrial58,000 SF
Financed 07/01/2025
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Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$44
Total Square Footage:58,000 SF
Transaction Type:Loan

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.

Players

Daniel Kowalsky
19 deals$119.4M volume(631) 291-2781
BROKER

HKS Real Estate Advisors
BROKERAGE



Scott Shnay
9 deals$113M volume
LANDLORD

Details

FINANCED
IMAGE: Daniel Kowalsky DATE: 07/02/2025 ADDRESS: 130-140 East 5th Street MARKET: Plainfield ASSET TYPE: Industrial ~ SF: 58,000 LENDER: Andy Waldman - 360 Capital Funding LANDLORD: Abe Shnay, Scott Shnay & David Manheimer BROKER: Daniel Kowalsky - HKS Real Estate Advisors (@HKSRealEstateAdvisors) LOAN AMOUNT: $2,550,000 LOAN TYPE: Acquisition

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$2,550,000.00

Monthly NOI$17,000.00
Monthly Debt Service$16,117.73
Change in Cash Flow$0.00
Refinance Proceeds$0.00