KSR Capital Secures $3.4 Million Loan From Flushing Bank For Industrial Property In Clifton, NJ

The asset involved in this transaction is an industrial property located at 473 US Route 46 in Clifton, NJ. The property has a total square footage of 32,976 and was acquired for a loan amount of $3,400,000, with a price of $162 PSF.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $3,400,000
• Lender: Flushing Bank
• Landlord: KSR Capital
• Broker: Morris Dweck - Kassin Sabbagh Realty
• Loan Type: Acquisition
• Loan Terms: 65% LTV, 5/30, Non-Recourse

Morris Dweck played a pivotal role in representing KSR Capital in securing financing for this property. His efforts resulted in obtaining a 65% loan-to-value ratio with non-recourse financing, emphasizing his expertise in facilitating such transactions in the industrial real estate market.