Genesis Credit LLC Provides $28.8 Million Bridge Loan For Industrial Asset In Brooklyn
FINANCED
$28,800,000
New York
See Similar DealsIndustrial
Financed
FINANCED
Genesis Credit LLC Provides $28.8 Million Bridge Loan For Industrial Asset In Brooklyn
Industrial
Financed
Summary
Asset Type:Industrial
Transaction Type:Loan
The transaction involved an industrial asset located in Brooklyn. The loan amount secured for this property was $28,800,000, classified as a bridge loan. The specifics of the asset type highlight its industrial nature but do not provide further details on its size or address.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $28,800,000
- Lender: Genesis Credit LLC
- Brokers: Satyam Patel & Zev Feder - Meridian Capital Group
- Loan Type: Bridge
- Date: 8/15/2025
Satyam Patel and Zev Feder were the representatives from Meridian Capital Group involved in facilitating this transaction, providing expertise through their brokerage services. This partnership underscores the collaborative nature of securing financial agreements for real estate transactions in the market.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$28,800,000.00
Monthly NOI$192,000.00
Monthly Debt Service$182,035.59
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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