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
Market 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
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93