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Urban Standard Capital Provides $13M Construction Loan For 7,500 SF Miami Beach SFR

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FINANCED
$13,000,000
Harrison Rowen
Robert Levine

Florida

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Single Family Residence7,500 SF
Financed 03/31/2023
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FINANCED

Urban Standard Capital Provides $13M Construction Loan For 7,500 SF Miami Beach SFR

North Bay Road

See Similar Deals
Single Family Residence7,500 SF
Financed 03/31/2023
Harrison Rowen
Robert Levine
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,733
Total Square Footage:7,500 SF
Transaction Type:Loan

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

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

Harrison Rowen
Urban Standard Capital
Harrison Rowen
14 deals$121.8M volume
LENDER
Robert Levine
Urban Standard Capital
Robert Levine
28 deals$257.7M volume
LENDER
Urban Standard Capital
Urban Standard Capital
LENDER

Details

FINANCED
IMAGE: Harrison Rowen, Seth Weissman, Robert Levine, Charlie Brosens & Bean DATE: 03/31/2023 MARKET: Miami Beach ASSET TYPE: SFR ~ SF: 7,500 LENDER: Urban Standard Capital (@USC_NYC) - Robert Levine (@RLevine1818) & Harrison Rowen (@HarrisonRowen) LOAN AMOUNT: $13,000,000 LOAN TYPE: Construction Loan NOTE FROM @USC_NYC: For all bridge and construction lending opportunities, email Robert ([email protected]) and Harrison ([email protected]).

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$13,000,000.00

Monthly NOI$86,666.67
Monthly Debt Service$82,168.84
Change in Cash Flow$0.00
Refinance Proceeds$0.00