Updated Oct 28, 2024
S3 Capital Partners Provides $16.5M Construction Loan For Howell, NJ Industrial Property
41 Randolph Road, Howell Township, New Jersey 07731, United States
$16,500,000
$150/SF
Building Size
110,000 SF
Asset Type
Industrial
Closing
Mar 8, 2022
About this deal
AI
On March 9, 2022, a construction loan was secured for an industrial property located at 41 Randolph Rd. in Howell, NJ. The property spans 110,000 square feet and is valued at $16,500,000. The loan was obtained from S3 Capital Partners, with Robert Schwartz representing the lender.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $16,500,000
- Market: Howell, NJ
- Lender: S3 Capital Partners - Robert Schwartz
- Loan Type: Construction
Robert Schwartz, from S3 Capital Partners, played a crucial role as the lender's representative in this deal. The loan provided will support the construction of the industrial property, adding value to the market in Howell, NJ.
Players
Howell Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.96%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93