The property asset involved in this transaction is an industrial facility located at 255 New Jersey Highway 70 in Toms River. The asset has a square footage of 74,000 and pertains to a transaction involving a loan amount of $4,000,000 for the acquisition of the property.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $4,000,000
• Loan Type: Acquisition
• Loan Terms: 25-year SBA 7(a) loan for the purchase of a children’s daycare center, 90% LTV + working capital
• Broker: Jerry Freedman - Freedom Business Financing

Jerry Freedman from Freedom Business Financing facilitated this loan, which aims to assist operating companies and entrepreneurs in securing financing. Notably, their services include owner-occupied real estate acquisitions and refinancing via SBA 7(a)/504 and conventional programs, alongside options for business acquisitions, debt refinancing, equipment financing, business expansion loans, and working capital lines of credit.