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2288 Sunset Drive, Miami Be...

Urban Standard Capital Provides $9.1M Construction Loan For SFR In Miami Beach
FINANCEDSingle Family Residence

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

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]).

Players

Seth Weissman

Urban Standard Capital

Lender

$590.5M

vol

56 deals

Lender
Urban Standard Capital
Urban Standard CapitalLender

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