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Klein’s Naturals Refinances Industrial Property In Sunset Park Brooklyn With $6.8M Loan From Ameritas

Property Image
FINANCED
$6,800,000

New York

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Industrial
Financed 05/08/2025
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Property Image
FINANCED

Klein’s Naturals Refinances Industrial Property In Sunset Park Brooklyn With $6.8M Loan From Ameritas

4702 2nd Avenue

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Industrial
Financed 05/08/2025
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Industrial
Transaction Type:Loan

An industrial property located at 4702 2nd Avenue in the Sunset Park area of Brooklyn has been refinanced. The loan for this property amounts to $6,800,000, provided by Ameritas Mutual Holding Company. This refinancing replaces a prior loan of $2,800,000 from Bank of America.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $6,800,000
  • Lender: Ameritas Mutual Holding Company
  • Landlord: Klein’s Naturals
  • Original Loan Amount: $2,800,000
  • Original Lender: Bank of America
  • Loan Type: Refinance
  • Transaction Date: 05/08/2025

Klein’s Naturals is the landlord involved in the deal, securing the refinancing to enhance its financial position regarding the industrial property. Ameritas Life Insurance Corp. facilitated this transaction as the lender, indicating a commitment to supporting the property management and its future operations.

Players

Ameritas
Ameritas
LENDER
AC
Ameritas Mutual Holding Company
LENDER

Details

FINANCED
IMAGE: 05/08/2025 ADDRESS: 4702 2nd Avenue MARKET: Sunset Park, Brooklyn ASSET TYPE: Industrial LENDER: Ameritas Mutual Holding Company LANDLORD: Klein’s Naturals LOAN AMOUNT: $6,800,000 LOAN TYPE: Refinance NOTE: Klein’s Naturals refinanced its industrial property at 4702 2nd Avenue in Sunset Park, Brooklyn with a $6.8M loan from Ameritas Life Insurance Corp., replacing a $2.8M loan from Bank of America.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$6,800,000.00

Monthly NOI$45,333.33
Monthly Debt Service$42,980.63
Change in Cash Flow$0.00
Refinance Proceeds$0.00