Updated May 12, 2025
Urban Standard Capital Provides $13M Refinance Loan For SFR On Star Island Drive, Miami Beach
34 East Star Island Drive
$13,000,000
$1,307/SF
Building Size
9,945 SF
Asset Type
Single Family
Closing
Nov 30, 2021
About this deal
AI
The property asset involved in the transaction is a single-family residence located at 34 Star Island Drive, Miami Beach. The asset encompasses a total square footage of 7,998 and is part of the upscale Miami Beach market.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $13,000,000
- Loan Type: Refinance
- Lender: Urban Standard Capital
- Loan Representatives: Seth Weissman, Charlie Brosens, Robert Levine
The transaction was facilitated by Urban Standard Capital, represented by Seth Weissman, Charlie Brosens, and Robert Levine. For any bridge and construction lending opportunities, inquiries can be directed to Charlie and Robert via email.
Players
Miami Beach Single Family Market Snapshot
Boundary boundary · Single Family · 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