Eli Serebrowski & Meir Schlusselberg Secure $5.65M Acquisition Loan For Industrial Asset In Warminster
FINANCED
$5,650,000
Pennsylvania
See Similar DealsIndustrial57,000 SF
Financed 10/09/2024
FINANCED
Eli Serebrowski & Meir Schlusselberg Secure $5.65M Acquisition Loan For Industrial Asset In Warminster
36 Vincent Circle
See Similar DealsIndustrial57,000 SF
Financed 10/09/2024
Summary
PENNSYLVANIA
Asset Type:Industrial
Price Per Square Foot:$99
Total Square Footage:57,000 SF
Transaction Type:Loan
The asset involved in this transaction is an industrial property located at 36 Vincent Circle in Warminster, PA. The property encompasses a total square footage of 57,000. An acquisition loan was secured for this asset amounting to $5,650,000, with terms set to interest-only payments.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,650,000
- Loan Type: Acquisition
- Loan Terms: Interest Only
- Date of Transaction: 10/09/2024
- Brokers: Eli Serebrowski & Meir Schlusselberg - Meridian Capital Group
The key individuals involved in the deal are brokers Eli Serebrowski and Meir Schlusselberg, representing Meridian Capital Group in this transaction. Their roles were instrumental in facilitating the acquisition loan for the industrial property.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$5,650,000.00
Monthly NOI$37,666.67
Monthly Debt Service$35,711.84
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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