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1619 Winslow Road, Monroe T...

Updated Oct 28, 2024

S3 Capital Partners Provides $3.5M Construction Loan For Winslow Road Development
FINANCED

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

S3 Capital
S3 CapitalLender

Monroe Township CRE Market Snapshot

Boundary boundary · CRE · Loan transactions

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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

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