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BEB Lending Provides $13.5M Bridge Loan For Meadowlands Industrial Property

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FINANCED
$13,500,000
Thomas Ravert
Glenn Thomas
Keyvan Ghaytanchi
+ 2

New Jersey

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Industrial69,074 SF
Financed 08/04/2021
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Property Image
FINANCED

BEB Lending Provides $13.5M Bridge Loan For Meadowlands Industrial Property

433 Bergen Ave, Kearny, NJ, USA

See Similar Deals
Industrial69,074 SF
Financed 08/04/2021
Thomas Ravert
Glenn Thomas
Keyvan Ghaytanchi
+ 2
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$195
Total Square Footage:69,074 SF
Transaction Type:Loan

A $13.5 million bridge loan was provided by BEB Lending to finance a 72,418 square foot industrial property located at 433 Bergen Ave in the Meadowlands market. The property is situated on 10.85 acres and is classified as an industrial asset.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $13,500,000
  • Address: 433 Bergen Ave
  • Market: Meadowlands

The lending for this transaction was facilitated by Lee Brodsky, Keyvan Ghaytanchi, and Sean Silverbrook from BEB Lending. Tom Ravert and Glenn Thomas from Pathway Capital served as the brokers in the deal.

Note that BEB Lending structured this transaction, allowing the borrower to obtain the necessary financing for the property. For more information about the lending platform, please visit https://lnkd.in/dPd9fW4 or email [email protected].

Players

Thomas Ravert
Thomas Ravert
2 deals$87M volume
BROKER
Glenn Thomas
Glenn Thomas
2 deals$87M volume
BROKER
Sean Silverbrook
Sean Silverbrook
15 deals$71.9M volume
LENDER
Keyvan Ghaytanchi
Keyvan Ghaytanchi
20 deals$181.6M volume
LENDER
Lee Brodsky
Lee Brodsky
23 deals$301.8M volume
LENDER
BEB Capital
BEB Capital
LENDER

Details

FINANCED
IMAGE: Lee Brodsky, Keyvan Ghaytanchi, Sean Silverbrook, Tom Ravert & Glenn Thomas DATE: 08/04/2021 ADDRESS: 433 Bergen Ave MARKET: Meadowlands ASSET TYPE: Industrial LENDER: BEB Lending (@BEBCapital) - Lee Brodsky (@LeeJBrodsky), Keyvan Ghaytanchi (@Keyvan_Ghaytanchi_) & Sean Silverbrook (@SBrook813) BROKERS: Tom Ravert (@TomRavert) & Glenn Thomas - Pathway Capital LOAN AMOUNT: $13,500,000 LOAN TYPE: Bridge NOTE: BEB Lending provided a $13.5MM bridge loan to finance a 72,418 SF Industrial property on 10.85 Acres. This transaction was structured by Sean Silverbrook. For more information about our lending platform, please visit https://lnkd.in/dPd9fW4 or email [email protected].

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$13,500,000.00

Monthly NOI$90,000.00
Monthly Debt Service$85,329.18
Change in Cash Flow$0.00
Refinance Proceeds$0.00