Updated Sep 2, 2026
Ronen Shahkoohi Of Malve Capital Closes $1,573,600 Construction Loan In Long Branch New Jersey
$1,573,600
$1,271/SF
Building Size
1,238 SF
Asset Type
Land
Closing
Aug 4, 2026
About this deal
AI
A ground-up construction loan has been secured for a property in Long Branch, New Jersey, covering an asset type of land measuring 1,238 square feet. The loan amount for this project is $1,573,600.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $1,573,600
- Lender: Ronen Shahkoohi - Malve Capital
- Loan Type: Construction
- Loan Term: 12 Months
- Construction Budget: $1,400,000
- ARV: $2,248,000
- LTARV: 70.00%
Ronen Shahkoohi of Malve Capital has facilitated this transaction, leveraging the firm’s expertise to provide aggressive financing options tailored for the borrower. The lender’s commitment to efficient execution was pivotal in ensuring the borrower could confidently initiate the construction process.
Players
Market Land Market Snapshot
Boundary boundary · Land · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.08%
Cash-on-Cash
-2.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93