Thomas Auringer Secures $36 Million Refinance Loan From OceanFirst Bank For Industrial Asset In Bronx

The property asset involved in the transaction is an industrial facility located at 155-157 Pilot Street in the Bronx, encompassing a total square footage of 329,313. The loan amount secured for this asset is $36,000,000 with a refinance loan type secured from OceanFirst Bank, featuring terms of 6.1% interest over a period of 5 years and a 25-year amortization period.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: $36,000,000
• Lender: OceanFirst Bank
• Landlord: Thomas Auringer
• Broker: John Leslie
• Loan Terms: 6.1%, 5yrs, 25 year amort

Key individuals involved in the deal include Thomas Auringer, who serves as the landlord of the property, and John Leslie, who acts as the broker for the transaction. The financing for this transaction is facilitated by OceanFirst Bank, reflecting a collaborative effort among these parties in the industrial asset market.