Urban Standard Capital Provides $5.3M Construction Loan For SFR In West Palm Beach
FINANCED
$5,271,500
+ 1
Florida
See Similar DealsSingle Family Residence15,246 SF
Financed 12/15/2021
FINANCED
Urban Standard Capital Provides $5.3M Construction Loan For SFR In West Palm Beach
7001 South Flagler Drive, West Palm Beach, Florida 33405, United States
See Similar DealsSingle Family Residence15,246 SF
Financed 12/15/2021
+ 1
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$345
Total Square Footage:15,246 SF
Transaction Type:Loan
Located at 7001 S. Flagler Drive in West Palm Beach, FL, this single-family residential property spans a total of 15,246 square feet. The recently closed transaction involved a construction loan.
Summary of transaction details
- Property Type: Single-Family Residential
- Transaction Amount: $5,271,500
- Lender: Urban Standard Capital - Seth Weissman, Charlie Brosens, Jeremy Plofker, Robert Levine, and Bean
The deal was facilitated by Urban Standard Capital, with Seth Weissman, Charlie Brosens, Jeremy Plofker, Robert Levine, and Bean representing the lending institution. For all bridge and construction lending opportunities, interested parties can reach out to Charlie at [email protected] and Robert at [email protected].
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$5,271,500.00
Monthly NOI$35,143.33
Monthly Debt Service$33,319.47
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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