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Suneagles Golf Club, 2000 L...

Investors Bank Provides $6M Loan For Mixed-Use Property In Eatontown, NJ
FINANCEDMixed-use

Investors Bank Provides $6M Loan For Mixed-Use Property In Eatontown, NJ

Suneagles Golf Club, 2000 Lowther Drive, Eatontown, NJ, USA

$6,000,000

Building Size

Asset Type

Mixed-use

Closing

Dec 21, 2020

AI

The mixed-use property located at 2000 Lowther Drive, Eatontown, NJ, was involved in a closed transaction. The property, formerly known as Sun Eagles Golf Course, was subject to a loan transaction. The loan amount for this transaction was $6,000,000.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $6,000,000
  • Address: 2000 Lowther Drive (Sun Eagles Golf Course), Eatontown, NJ
  • Market: Eatontown, NJ

The lender for this transaction was Investors Bank. The landlord of the property is Salvatore Martelli & Warren Diamond. The broker representing this deal was Gregory Vassilakos from Cosmos Capital Group.

Players

Gregory Vassilakos

Broker

$125.1M

vol

7 deals

Broker
Investors Bank
Investors BankLender

Salvatore Martelli

Landlord

$17.2M

vol

2 deals

Landlord

Eatontown Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.64%

Cash-on-Cash

-0.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93