Tei Kim Lends $1.35M For Construction To Hector Rosero's Pilla Investments In Woodcliff Lake
256 Pascack Road
$1,350,000
$192/SF
Building Size
7,000 SF
Asset Type
Single Family Residence
Closing
Mar 30, 2026
AI
The property asset involved in this transaction is located at 256 Pascack Road in Woodcliff Lake. It is a single-family home with a total square footage of 7,000 and sits on 3 acres of land.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $1,350,000
- Lender: Tei Kim
- Landlord: Hector Rosero - Pilla Investments
- Loan Type: Construction
- Loan Terms: 18 months
Key individuals involved in the deal include Tei Kim as the lender and Hector Rosero representing Pilla Investments as the landlord. This construction loan reflects a planned development stage for the property located in a sought-after market.
Players
Woodcliff Lake 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
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93