Updated Oct 28, 2024
S3 Capital Partners Provides $3.5M Construction Loan For Winslow Road Development
1619 Winslow Road, Monroe Township, New Jersey 08094, United States
$3,500,000
Building Size
—
Asset Type
—
Closing
Mar 28, 2022
About this deal
AI
Located at 1619 Winslow Road in Monroe Township, NJ, this special purpose property spans across 80.35 acres. The property is part of a closed transaction that took place on March 29, 2022. The asset type is special purpose, and it features a unique set of characteristics.
Summary of transaction details
- Property Type: Special Purpose
- Transaction Amount: N/A
- Address: 1619 Winslow Road, Monroe Township, NJ
- Market: Monroe Township, NJ
- Acres: 80.35
In this deal, S3 Capital Partners represented by Robert Schwartz acted as the lender, providing a construction loan of $3,500,000. The loan was specifically intended for the horizontal development of 102 single-family home lots within the property. On the other hand, the Teicher Group, represented by Jeremy Teicher, served as the landlord associated with this closed transaction.
Players
Monroe Township CRE Market Snapshot
Boundary boundary · CRE · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93