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
Millstone Township 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
120.17%
Cash-on-Cash
-34.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93