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
Eatontown Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
Loading comparables…
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