Updated Aug 13, 2025
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
$90,000,000
Industrial
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Players
South Plainfield Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Deal FAQ
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