Updated Feb 25, 2026
$4 Million Construction Loan Closed By Charles Saad Of CS Realty Capital In Long Branch
$4,000,000
Building Size
—
Asset Type
Development Site
Closing
Feb 8, 2026
About this deal
AI
The transaction involved a development site in Long Branch, NJ, with a loan amount of $4,000,000. The asset is designated for construction purposes.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $4,000,000
- Lender: CS Realty Capital
- Lender's Representative: Charles Saad - CS Realty Capital
- Loan Type: Construction
- Timeframe: 16 days start to finish
The lender's representative, Charles Saad, communicated pride in the completed transaction, emphasizing the swift closing process. CS Capital Group, LLC is noted as a nationwide direct lender actively funding various asset types.
Players
Market Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93