Urban Standard Capital Provides $13M Construction Loan For 7,500 SF Miami Beach SFR
North Bay Road
$13,000,000
$1,733/SF
Building Size
7,500 SF
Asset Type
Single Family Residence
Closing
Mar 31, 2023
AI
A construction loan totaling $13,000,000 has been secured for a single-family residential property in Miami Beach. The property spans approximately 7,500 square feet and is located in a prime market.
Summary of transaction details
- Property Type: Single-family residential
- Transaction Amount: $13,000,000
- Market: Miami Beach
- Lender: Urban Standard Capital
- Lender Representatives: Robert Levine and Harrison Rowen
- Lender Email: [email protected], [email protected]
- Loan Type: Construction Loan
The construction loan was provided by Urban Standard Capital, represented by Robert Levine and Harrison Rowen. For any bridge or construction lending opportunities, Robert and Harrison can be contacted via email at [email protected] and [email protected]. This loan will support the development of the single-family residential property.
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
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93