Investors Bank Provides $6M Loan For Mixed-Use Property In Eatontown, NJ
FINANCED
$6,000,000
New Jersey
See Similar DealsMixed-use
Financed
FINANCED
Investors Bank Provides $6M Loan For Mixed-Use Property In Eatontown, NJ
Suneagles Golf Club, 2000 Lowther Drive, Eatontown, NJ, USA
See Similar DealsMixed-use
Financed
Summary
NEW JERSEY
Asset Type:Mixed-use
Transaction Type:Loan
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
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$6,000,000.00
Monthly NOI$40,000.00
Monthly Debt Service$37,924.08
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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