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

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:

• Property Type: Industrial/Development Site
• Transaction Amount: $37,750,000
• Loan Type: Refinance
• Lender: Michael Hess, Jake Gerber & Ezra Husney - Genesis LLC
• Brokerage: Steven Edelstein, Isaac Filler & Yossi Koschitzki - Filler Capital
• Date of Transaction: 03/20/2025

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.