Rockford Asset Management has successfully secured a $10.2M acquisition loan for a 90,000 SF Data Center/Office property located at 100 Tormee Drive, Tinton Falls, NJ. Lender: Nick Arsenis & Dino Venetsanakos, Alma Bank Brokers: Isaac Filler, Michael Neumann & Yossi Koschitzki, Filler Capital The loan, which was executed with a competitive interest rate and partial interest-only terms at 70% LTP, underscores our commitment to strategic growth and expanding our portfolio in key markets. This acquisition not only adds a Class A property to our growing portfolio but also aligns with our goal of working within a 10.5% capitalization rate, enabling us to achieve double-digit returns throughout the loan term, reflecting our disciplined approach to achieving strong financial outcomes. Thank you to the team at Filler Capital for facilitating this transaction. Learn more Traded: New York https://lnkd.in/ebdrKVXg https://rockfordam.com/ #RealEstate #DataCenter #OfficeSpace #ResponsiveGroup #Acquisition Joe Davidson Steven Makowsky
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https://rockfordam.com/
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At Rockford Asset Management?, we specialize in acquiring and maximizing value-added commercial and residential assets across the United States. We acquire, develop, build, rehab and own premium properties. Our vertically integrated approach includes in-house acquisition underwriting, financial projections, investor relations, property management, and ground-up development. We invest in neighborhoods and communities we believe in, ensuring long-term success through strategic planning.? https://rockfordam.com/ #RealEstate #Investment #AssetManagement #RockfordAssetManagement? #Acquisitions #Development #RealEstateInvestment?Rockford Holdings Group
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