Leon Kitovsky Secures $2.7 Million Refinance Loan From Spencer Savings Bank For Retail Property
FINANCED
$2,700,000
New Jersey
See Similar DealsRetail
Financed 03/13/2026
FINANCED
Leon Kitovsky Secures $2.7 Million Refinance Loan From Spencer Savings Bank For Retail Property
349 New Jersey Highway 35
See Similar DealsRetail
Financed 03/13/2026
Summary
NEW JERSEY
Asset Type:Retail
Transaction Type:Loan
The property involved in this transaction is a retail asset located at 349 New Jersey Highway 35 in the Red Bank market. The total loan amount for this refinance transaction is $2,700,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,700,000
- Lender: Spencer Savings Bank
- Landlord: Leon Kitovsky
- Brokers: Daniel Kowalsky & Max Rubinchik - HKS Real Estate Advisors
- Loan Type: Refinance
Key individuals involved in the deal include Leon Kitovsky, the landlord, and the brokerage team of Daniel Kowalsky and Max Rubinchik from HKS Real Estate Advisors, who represent the transaction.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,700,000.00
Monthly NOI$18,000.00
Monthly Debt Service$17,065.84
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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