Urban Standard Capital Provides $5.5M Construction Loan For Nantucket SFR
FINANCED
$5,500,000
+ 1
Massachusetts
See Similar DealsSingle Family Residence7,000 SF
Financed 04/26/2023
FINANCED
Urban Standard Capital Provides $5.5M Construction Loan For Nantucket SFR
Single Family Residence7,000 SF
Financed 04/26/2023
+ 1
Summary
Asset Type:Single Family Residence
Price Per Square Foot:$785
Total Square Footage:7,000 SF
Transaction Type:Loan
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
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$5,500,000.00
Monthly NOI$36,666.67
Monthly Debt Service$34,763.74
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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