Updated Feb 21, 2025
Urban Standard Capital Provides $5.5M Construction Loan For SFR Project In West Palm Beach
123 Murray Road, West Palm Beach, Florida 33405, United States
$5,500,000
$537/SF
Building Size
10,242 SF
Asset Type
Single Family Residence
Closing
May 31, 2022
About this deal
AI
The property involved in this transaction is a single-family residence (SFR) located at 123 & 127 Murray Road in West Palm Beach. The property has a total square footage of 10,242. The transaction took place on 06/01/2022.
Summary of transaction details
- Property Type: Single-Family Residence (SFR)
- Transaction Amount: $5,500,000
- Market: West Palm Beach
- Lender: Urban Standard Capital
- Loan Type: Construction
- Lenders' Representatives: Seth Weissman, Bean & Robert Levine
- Contact for bridge and construction lending opportunities: Robert ([email protected])
The lending for this transaction was provided by Urban Standard Capital. The loan amount was $5,500,000, and it was a construction loan. Seth Weissman, Robert Levine, and Bean from Urban Standard Capital represented the lender in this deal. For all bridge and construction lending opportunities, interested parties can contact Robert at [email protected].
Players
West Palm Beach 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
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93