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200 Helen Street

Updated Aug 13, 2025

UBS Bank USA Provides $90 Million Refinance Loan To David Gindi And Nathan Marcus In South Plainfield
FINANCEDIndustrial

UBS Bank USA Provides $90 Million Refinance Loan To David Gindi And Nathan Marcus In South Plainfield

200 Helen Street

$90,000,000

Building Size

—

Asset Type

Industrial

Closing

Aug 3, 2025

About this deal

AI

The asset involved in the transaction is an industrial property located at 200 Helen Street in South Plainfield, NJ. The loan amount secured for this asset is $90,000,000, under a refinance loan type with a term of 5 years.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $90,000,000
  • Lender: UBS Bank USA
  • Lender's Representative: George Duncan
  • Landlord: David Gindi & Nathan Marcus
  • Landlord's Company: Nakash Holding
  • Loan Terms: 5 Years

The transaction involves key individuals including lender representative George Duncan from UBS Bank USA, as well as landlords David Gindi and Nathan Marcus, who are associated with Nakash Holding. Their collaboration led to the successful refinance of the industrial asset located at 200 Helen Street.

On the Map

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$90,000,000

Industrial

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Players

UBS
UBSLender
Nakash Holdings
Nakash HoldingsLandlord

South Plainfield Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.18%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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