Updated May 12, 2025
Urban Standard Capital Provides $18M Acquisition Loan For Manalapan SFR
860 S Ocean Blvd, Manalapan, FL 33462
$18,000,000
$2,180/SF
Building Size
8,255 SF
Asset Type
Single Family Residence
Closing
Dec 30, 2021
About this deal
AI
The property involved in this transaction is a single-family residence located at 860 South Ocean Boulevard in Manalapan. The asset encompasses a total square footage of 8,255. An acquisition loan amounting to $18,000,000 was secured for this property.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $18,000,000
- Address: 860 South Ocean Boulevard
- Market: Manalapan
- Lender: Urban Standard Capital
- Loan Type: Acquisition Loan
- Lender Representatives: Seth Weissman, Charlie Brosens & Robert Levine
The deal was facilitated by representatives from Urban Standard Capital, specifically Seth Weissman, Charlie Brosens, and Robert Levine. They are the key individuals responsible for the lending aspect of the acquisition loan.
Players
Ocean Ridge 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
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93