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Urban Standard Capital Provides $5.5M Construction Loan For Nantucket SFR
FINANCEDSingle Family Residence

Urban Standard Capital Provides $5.5M Construction Loan For Nantucket SFR

$5,500,000

$785/SF

Building Size

7,000 SF

Asset Type

Single Family Residence

Closing

Apr 26, 2023

AI

A single-family residence with a total square footage of 7,000 in Nantucket, MA was involved in a recent loan transaction. The loan was provided by Urban Standard Capital, represented by Seth Weissman, Charlie Brosens, Robert Levine, and Harrison Rowen.

Summary of transaction details

  • Property Type: Single-Family Residence
  • Transaction Amount: $5,500,000

Urban Standard Capital, a leading provider of financing for high-end single-family spec homes, extended a construction loan of $5,500,000 for the development of the property. Seth Weissman, Charlie Brosens, Robert Levine, and Harrison Rowen represented Urban Standard Capital in this loan transaction.

For all bridge and construction lending opportunities, interested parties can reach out to Robert ([email protected]) and Harrison ([email protected]).

Players

Seth Weissman

Urban Standard Capital

Lender

$590.5M

vol

56 deals

Lender
Urban Standard Capital
Urban Standard CapitalLender

Market Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.88%

Cash-on-Cash

-0.82%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93