Seth Weissman Of Urban Standard Capital Provides $21 Million Loan For Single Family Home In Bel Air
FINANCED
$21,000,000
+ 1
California
See Similar DealsSingle Family Residence9,183 SF
Financed 05/01/2025
FINANCED
Seth Weissman Of Urban Standard Capital Provides $21 Million Loan For Single Family Home In Bel Air
Single Family Residence9,183 SF
Financed 05/01/2025
+ 1
Summary
CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$2,286
Total Square Footage:9,183 SF
Transaction Type:Loan
The property asset involved in the transaction is a single-family home located in the Bel Air market, featuring a square footage of 9,183. The transaction was supported by a construction loan amounting to $21,000,000.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $21,000,000
- Market: Bel Air
- Lender: Seth Weissman, Robert Levine, Harrison Rowen & Bean - Urban Standard Capital
- Loan Type: Construction
The key individuals involved in the deal include Seth Weissman, Robert Levine, Harrison Rowen, and Bean, representing Urban Standard Capital, a leading financing provider for residential properties. They facilitate funding through their single-family spec financing program.
Players
LENDER
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$21,000,000.00
Monthly NOI$140,000.00
Monthly Debt Service$132,734.28
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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