Ion Bank Provides $5.75M Refinance Loan For Industrial Property In Ocean Township, NJ | 909 Kings Highway | Ion Bank | Steven Sperandio, Jake Weiss, Michael Fasano | Industrial | Loan

Summary

Loan

NEW JERSEY

Industrial

19,432 sqft

The industrial property located at 909 Route 35 in Ocean Township, NJ has undergone a refinancing transaction. The property spans over an area of 19,432 square feet.

Summary of transaction details

Property Type: Industrial
Transaction Amount: $5,750,000
Lender: Ion Bank
Landlord: Frances Rediker
Brokers: Steven Sperandio, Michael Fasano & Jake Weiss - Ripco
Loan Type: Refinance

The refinancing deal was facilitated by Steven Sperandio, Michael Fasano, and Jake Weiss from Ripco. Their expertise in the industry played a crucial role in successfully completing the transaction.

Players

All
5

Agents
3
Agencies
1
Lenders
1

Steven Sperandio

Executive Managing Director, Debt & Structured Finance

$1.3M Sold

Jake Weiss

Associate Director, Debt & Structured Finance

Michael Fasano

Ripco

Ion Bank

Details

Deal Summary

FINANCED

IMAGE: Steven Sperandio, Michael Fasano & Jake Weiss DATE: 12/21/2023 ADDRESS: 909 Route 35 MARKET: Ocean Township, NJ ASSET TYPE: Industrial ~ SF: 19,432 LENDER: Ion Bank (@Ion_Bank) LANDLORD: Frances Rediker BROKERS: Steven Sperandio (@RipcoCapitalAdvisory), Michael Fasano (@MaFasano87) & Jake Weiss (@JakeWeiss6) - Ripco (@RipcoRealEstate) LOAN AMOUNT: $5,750,000 LOAN TYPE: Refinance

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Address909 Kings Highway

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