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Genesis LLC Provides $37.75 Million Refinance Loan For Seven-Acre Industrial Site In Brooklyn

Property Image
FINANCED
$37,750,000
Yossi Koschitzki
Isaac Filler
SE
+ 3

New York

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Development Site1 SF
Financed 03/20/2025
the dealplayerscompscontact
Property Image
FINANCED

Genesis LLC Provides $37.75 Million Refinance Loan For Seven-Acre Industrial Site In Brooklyn

Development Site1 SF
Financed 03/20/2025
Yossi Koschitzki
Isaac Filler
SE
+ 3
the dealplayerscompscontact
Contact now

Summary

Asset Type:Development Site
Price Per Square Foot:$37,750,000
Total Square Footage:1 SF
Transaction Type:Loan

An industrial development site spanning seven acres is located in Gravesend, Brooklyn. The property is part of the market focused on industrial use and development opportunities. A fixed rate bridge loan was arranged for refinancing this asset.

Summary of transaction details:

The refinancing arrangement was successfully managed by Filler Capital LLC, highlighting their role in facilitating financial solutions for strategic real estate ventures. The key individuals involved include brokers Steven Edelstein, Isaac Filler, and Yossi Koschitzki, providing their expertise in the transaction process.

Players

Isaac Filler
Filler Capital
Isaac Filler
77 deals$1.7B volume
BROKER
Yossi Koschitzki
Filler Capital
Yossi Koschitzki
63 deals$1.3B volume
BROKER
SE
Hanover Capital
Steven Edelstein
10 deals$108.4M volume
BROKER
MH
Genesis LLC
Michael Hess
2 deals$66.3M volume
LENDER
JG
Genesis LLC
Jake Gerber
2 deals$66.3M volume
LENDER
EH
Genesis LLC
Ezra Husney
2 deals$66.3M volume
LENDER
Genesis
Genesis
LENDER

Details

FINANCED
IMAGE: Michael Hess, Steven Edelstein, Isaac Filler & Yossi Koschitzki DATE: 03/20/2025 MARKET: Brooklyn ASSET TYPE: Industrial/Development Site ~ ACRES: 7 LENDER: Michael Hess, Jake Gerber & Ezra Husney - Genesis LLC BROKERS: Steven Edelstein, Isaac Filler & Yossi Koschitzki - Filler Capital LOAN AMOUNT: $37,750,000 LOAN TYPE: Refinance NOTE FROM BROKER: Filler Capital LLC has successfully arranged the refinancing of a seven-acre industrial development site in Gravesend, Brooklyn. The fixed rate bridge loan was provided by Genesis LLC. Please visit our website: https://fillercapital.com/ For bespoke debt solutions, please contact: [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected]

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$37,750,000.00

Monthly NOI$251,666.67
Monthly Debt Service$238,605.68
Change in Cash Flow$0.00
Refinance Proceeds$0.00