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
$5,271,500
$345/SF
Building Size
15,246 SF
Asset Type
Single Family Residence
Closing
Dec 15, 2021
AI
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
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
3.01%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93