Steven Fox & Robert Foxx Secure $18.44M Construction Loan For Mixed-use Property In Green Brook
FINANCED
$18,440,000
New Jersey
See Similar DealsMixed-use87,835 SF
Financed 09/23/2025
FINANCED
Steven Fox & Robert Foxx Secure $18.44M Construction Loan For Mixed-use Property In Green Brook
74 Greenbrook Road
See Similar DealsMixed-use87,835 SF
Financed 09/23/2025
Summary
NEW JERSEY
Asset Type:Mixed-use
Price Per Square Foot:$209
Total Square Footage:87,835 SF
Transaction Type:Loan
The asset involved in this transaction is a mixed-use property located at 74 Greenbrook Road in the Green Brook market. The property comprises 85 units and has a total square footage of 87,835. The landlord of the property is Steven Fox & Robert Foxx.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $18,440,000
- Loan Type: Construction
- Loan Terms: 24 Months I/O with permanent conversion option
- Landlord: Steven Fox & Robert Foxx
- Landlord's Representative: Kathy Anderson & Caillin Boles - Cushman & Wakefield
- Date: 09/23/2025
Kathy Anderson & Caillin Boles from Cushman & Wakefield represent the landlords in this transaction. They have played a key role in facilitating the loan process for the construction financing of this property.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$18,440,000.00
Monthly NOI$122,933.33
Monthly Debt Service$116,553.34
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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