Alma Bank Provides $10.2M Acquisition Loan For Data Center Office In Tinton Falls, NJ

The property asset involved in this transaction is a Data Center/Office located at 100 Tormee Drive, Tinton Falls, NJ. The total asset comprises 90,000 square feet and is part of a significant acquisition deal. The loan amount secured for this purchase was $10,200,000, reflecting a competitive interest rate with partial interest only, executed at 70% LTP.

Summary of transaction details:

• Property Type: Data Center/Office
• Transaction Amount: $10,200,000
• Market: Tinton Falls, NJ
• Lender: Nicholas Arsenis & Dino Venetsanakos - Alma Bank
• Landlord: Steven Makowsky & Joe Davidson - Responsive Group
• Brokers: Isaac Filler, Michael Neumann & Yossi Koschitzki - Filler Capital
• Length: 90,000 SF

This transaction was facilitated by Filler Capital LLC, showcasing their expertise in arranging the debt and equity necessary for the purchase. The notable credit tenants occupying the property were highlighted in the context of the arrangement, further emphasizing the strategic planning involved in this deal.