Updated Apr 1, 2025
Eric Goodman Of Goodman Capital Provides $5M Loan For Luxury Estate In Alpine New Jersey
$5,000,000
$5,000,000/SF
Building Size
1 SF
Asset Type
Single Family Residence
Closing
Mar 5, 2025
About this deal
AI
The asset involved in this transaction is a luxury estate located in Alpine, New Jersey. The loan amount secured for this property is $5,000,000, with a construction loan type facilitating the development of the residence.
Summary of transaction details:
- Property Type: Luxury Estate
- Transaction Amount: $5,000,000
- Lender: Eric Goodman - Goodman Capital
- Brokers: Judah Neuman & Dovid Kaufman - Meridian Capital Group
- Loan Type: Construction
This transaction was arranged by Meridian Capital Group, highlighting the collaborative efforts of brokers Judah Neuman and Dovid Kaufman in securing non-recourse financing for the luxury residence with Goodman Capital.
Players
Market Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93