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Filler Capital Secures $3.2 Million Loan For Development Site Acquisition In Woodmere

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FINANCED
$3,187,500
Jordan Gellman

New York

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Development Site34,000 SF
Financed 02/27/2025
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Property Image
FINANCED

Filler Capital Secures $3.2 Million Loan For Development Site Acquisition In Woodmere

121 Franklin Place

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Development Site34,000 SF
Financed 02/27/2025
Jordan Gellman
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Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$93
Total Square Footage:34,000 SF
Transaction Type:Loan

The asset involved in this transaction is a development site located at 121 Franklin Place in the Woodmere market. The property has a building square footage of 20,000 and a total square footage of 34,000. A land acquisition loan amounting to $3.2 million was secured for this property.

Summary of transaction details:

This transaction highlights the efforts of Filler Capital, who successfully closed the loan within a 40-day contract period, showcasing their capability to operate efficiently and effectively in securing financing for their sponsors. Filler Capital is open for inquiries regarding financing opportunities.

Players

Isaac Filler
77 deals$1.7B volume
BROKER


Jordan Gellman
Filler Capital
14 deals$59.9M volume
BROKER

Details

FINANCED
IMAGE: Steven Edelstein, Isaac Filler & Jordan Gellman DATE: 02/27/2025 ADDRESS: 121 Franklin Place MARKET: Woodmere ASSET TYPE: Development Site ~ BSF: 20,000 ~ SF: 34,000 BROKERS: Steven Edelstein, Isaac Filler & Jordan Gellman - Filler Capital LOAN AMOUNT: 3,200,000 LOAN TYPE: Acquisition NOTE FROM BROKER: Filler Capital is proud to announce the successful closing of a $3.2 million land acquisition loan on behalf of our sponsors! This deal was completed within an aggressive 40-day contract period, demonstrating our ability to move swiftly and efficiently. Looking for financing? Let’s make it happen—contact us today!

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$3,187,500.00

Monthly NOI$21,250.00
Monthly Debt Service$20,147.17
Change in Cash Flow$0.00
Refinance Proceeds$0.00