Updated Feb 21, 2025
Urban Standard Capital Provides $9.1M Construction Loan For SFR In Miami Beach
2288 Sunset Drive, Miami Beach, Florida 33140, United States
$9,067,500
$1,185/SF
Building Size
7,650 SF
Asset Type
Single Family Residence
Closing
Feb 22, 2022
About this deal
AI
A Single-Family Residential (SFR) property located at 2288 Sunset Drive in Miami Beach has been involved in a closed transaction. The property spans approximately 7,650 square feet and was the subject of a construction loan.
Summary of Transaction Details
- Property Type: Single-Family Residential (SFR)
- Transaction Amount: $9,067,500
- Market: Miami Beach
- Address: 2288 Sunset Drive
- Lender: Urban Standard Capital
- Loan Type: Construction
- Lender Representatives: Seth Weissman, Charlie Brosens, Robert Levine, Bean
The loan for the transaction was provided by Urban Standard Capital, with Seth Weissman, Charlie Brosens, Robert Levine, and Bean representing the lender. For any bridge and construction lending opportunities, interested parties can reach out to Charlie ([email protected]) and Robert ([email protected]).
On the Map
$9,067,500
$1,185/SF
Single Family Residence
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Players
Miami 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
1.75%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93