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Rhine Legacy Capital Provides $12M Bridge Loan For Retail Property In Howell NJ

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FINANCED
$12,000,000

New Jersey

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Retail65,811 SF
Financed 10/15/2024
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FINANCED

Rhine Legacy Capital Provides $12M Bridge Loan For Retail Property In Howell NJ

4861 US Route 9

See Similar Deals
Retail65,811 SF
Financed 10/15/2024
Contact now

Summary

NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$182
Total Square Footage:65,811 SF
Transaction Type:Loan

A 65,811 square foot single-tenant retail property located at 4861 US Route 9 in Howell, NJ was involved in a loan transaction. The lender provided a bridge loan amounting to $12,000,000, demonstrating a 75% loan-to-purchase ratio. The loan was closed in a record 22 days, reflecting a swift transaction process.

Summary of transaction details:

Filler Capital LLC arranged the acquisition loan on behalf of their client, showcasing their commitment to efficient execution and exceptional client service. The key individuals involved in this transaction include Samuel Kwadrat representing Rhine Legacy Capital and the brokers Isaac Filler, Yossi Koschitzki, and Michael Neumann from Filler Capital.

Players

Isaac Filler
77 deals$1.7B volume
BROKER

Yossi Koschitzki
Filler Capital
63 deals$1.3B volume
BROKER

Michael Neumann
Filler Capital
35 deals$516.7M volume(516) 367-0440
BROKER

Rhine Legacy Capital
LENDER

Details

FINANCED
IMAGE: Samuel Kwadrat, Isaac Filler, Yossi Koschitzki & Michael Neumann DATE: 10/15/2024 ADDRESS: 4861 US Route 9 MARKET: Howell, NJ ASSET TYPE: Retail ~ SF: 65,811 LENDER: Samuel Kwadrat - Rhine Legacy Capital (@Rhine_Legacy_Capital) BROKERS: Isaac Filler, Yossi Koschitzki & Michael Neumann - Filler Capital LOAN AMOUNT: $12,000,000 LOAN TYPE: Bridge NOTE FROM BROKER: Filler Capital LLC has successfully arranged an acquisition loan on behalf of our client for a 65,000 square foot single tenant retail property located at 4861 Highway 9, Howell, NJ. The lender, Rhine Legacy Capital supplied the loan, which featured 75% loan-to-purchase (LTP), and was closed in a record 22 days. This loan is an excellent demonstration to Filler Capital's commitment to efficient execution and exceptional client service. For bespoke debt solutions, please contact: Isaac: [email protected] Yossi: [email protected] Michael: [email protected] Shaya: [email protected] Steve: [email protected]

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$12,000,000.00

Monthly NOI$80,000.00
Monthly Debt Service$75,848.16
Change in Cash Flow$0.00
Refinance Proceeds$0.00