Updated Sep 11, 2026
Bridgeinvest Provides $16.1M Acquisition Loan For Development Site In Carneys Point
1 Collins Drive
$16,100,000
Building Size
—
Asset Type
Development Site
Closing
Dec 22, 2022
About this deal
AI
A development site located at 1, 3, 4, & 7 Collins Drive in Carneys Point has been involved in a recent transaction. The property spans an area of 586,000 square feet and is categorized as a development site. The transaction took place on 12/22/2022.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $16,100,000
- Lender: Bridgeinvest
- Landlord: D2 Organization
- Landlord's Representative: Jack Cortese & David Frankel - D2 Capital Advisors
- Loan Type: Acquisition Loan
Jack Cortese and David Frankel from D2 Capital Advisors represented the landlord, D2 Organization, in this transaction. The loan in the amount of $16,100,000 was provided by Bridgeinvest for the acquisition of the development site at 1, 3, 4, & 7 Collins Drive.
On the Map
$16,100,000
Development Site
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Players
Carneys Point Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93