First Citizens Bank Provides $40M Acquisition Loan For Industrial Property In Bordentown | 201 Elizabeth Street | First Citizens Bank | Ryan Carroll, Max Custer, Michael Klein | Industrial | Loan

Summary

Loan

NEW JERSEY

Industrial

274 sqft

The industrial property located at 201 Elizabeth St in Bordentown has recently undergone a closed transaction. Spanning across 33.9 acres, the property offers a total area of 274,197 square feet.

Summary of transaction details

Property Type: Industrial
Transaction Amount: $40,000,000
Address: 201 Elizabeth St
Market: Bordentown
Landlord: Penwood Real Estate Investment Management LLC

In this deal, First Citizens Bank provided an acquisition loan of $40,000,000 to support the transaction. The loan terms include a three-year, floating-rate loan. The brokers responsible for facilitating this transaction were Michael Klein, Max Custer, and Ryan Carroll from JLL Capital Markets.

Players

All
5

Agents
3
Agencies
1
Lenders
1

Ryan Carroll

Associate, Debt & Equity

Max Custer

Director

$13.5M Sold

Michael Klein

Senior Managing Director

$174.1M Sold

JLL

First Citizens Bank

Details

Deal Summary

FINANCED

IMAGE: Michael Klein, Max Custer & Ryan Carroll DATE: 11/30/2022 ADDRESS: 201 Elizabeth St MARKET: Bordentown ASSET TYPE: Industrial ~ SF: 274,197 ~ ACRES: 33.9 LENDER: First Citizens Bank (@FCBankal) LANDLORD: Penwood Real Estate Investment Management LLC BROKERS: Michael Klein, Max Custer (@GeneralCusta) & Ryan Carroll - JLL Capital Markets (@JLL) LOAN AMOUNT: $40,000,000 LOAN TYPE: Acquisition Loan LOAN TERMS: three-year, floating-rate loan

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Address201 Elizabeth Street

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