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29 Van Hise Drive

Charles Korb Of Re/Max Represents Buyer In Acquisition Loan For Millstone Township Single Family Home
FINANCEDSingle Family Residence

Charles Korb Of Re/Max Represents Buyer In Acquisition Loan For Millstone Township Single Family Home

29 Van Hise Drive

$132,000

Building Size

Asset Type

Single Family Residence

Closing

Mar 20, 2026

AI

The property asset involved is a single-family home located at 29 Van Hise Drive in Millstone Township. It has secured a loan amount of $1,320,000 under the acquisition loan type, with a loan term of 30 years.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $1,320,000
  • Lender: Alexis Alvarez - CrossCountry Mortgage, LLC
  • Landlord: Weide Dai
  • Buyer's Representative: Charles Korb - Re/Max
  • Loan Type: Acquisition
  • Loan Terms: 30

This transaction highlights the roles of key individuals: Alexis Alvarez represented the lender in providing the financing, while Charles Korb acted as the buyer's representative throughout the deal, ensuring that the buyer's interests were effectively represented. Weide Dai is noted as the landlord in this transaction.

Players

Charles Korb

Re/Max

Broker

$132K

vol

1 deal

Broker
Alexis Alvarez

Alexis Alvarez

CrossCountry Mortgage, LLC

Lender

$132K

vol

1 deal

Lender

Millstone Township Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

120.17%

Cash-on-Cash

-34.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93