Thomas Auringer Secures $15.28 Million Refinance Loan From OceanFirst Bank For Industrial Asset In Kingston
FINANCED
$15,280,000
New York
See Similar DealsIndustrial107,000 SF
Financed 07/11/2025
FINANCED
Thomas Auringer Secures $15.28 Million Refinance Loan From OceanFirst Bank For Industrial Asset In Kingston
6 Kieffer Lane
See Similar DealsIndustrial107,000 SF
Financed 07/11/2025
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$142
Total Square Footage:107,000 SF
Transaction Type:Loan
The property asset involved in the transaction is located at 6 Kieffer Lane in the Kingston market. It is categorized as an industrial asset with a total square footage of 107,000. The refinancing loan for this property amounts to $15,280,000 and is structured with a loan term of 5 years.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $15,280,000
- Loan Type: Refinance
- Loan Terms: 5 years
- Lender: OceanFirst Bank
- Landlord: Thomas Auringer
- Broker: John Leslie
This deal involves key individuals such as Thomas Auringer, who serves as the landlord, and John Leslie, who represents the broker in the transaction. The lender facilitating the refinance is OceanFirst Bank, ensuring the financial backing for this property asset.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$15,280,000.00
Monthly NOI$101,866.67
Monthly Debt Service$96,579.99
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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