News: Brokerage

Rhine Legacy Capital secures $6.8875 million bridge loan for industrial asset

Samuel Kwadrat

Newburgh, NY Rhine Legacy Capital, a leading commercial real estate private lender, has successfully secured a bridge loan of $6.8875 million for the acquisition of a prominent industrial asset. The property, located at 392 North Montgomery St. has potential in both its existing infrastructure and surrounding land.

The industrial asset, currently 90% occupied with long-term tenants, represents a lucrative investment opportunity in a sought-after location. This property offers access to key transportation routes, making it an ideal hub for businesses operating in the area. Additionally, the property's proximity to distribution hubs enhances its value and market appeal.

The bridge loan, which features a floating interest rate based on prime + 4%, was financed by Rhine Legacy Capital. This financing arrangement provides the buyer with the necessary capital to complete the acquisition and leverage the property's potential for future growth and expansion.

"We are thrilled to have secured this bridge loan for the acquisition of such a promising industrial asset," said Samuel Kwadrat, managing partner of Rhine Legacy Capital. "The property's high occupancy rate and its strategic location make it an exceptional addition to our portfolio. We are confident in the tremendous potential this investment holds."

This latest transaction not only reinforces their position as a market leader but also exemplifies their track record of successful financing arrangements. With a steadfast commitment to delivering value to their investors, Rhine Legacy Capital consistently drives growth and fosters innovation within the real estate finance sector.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking