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617 Scotland Road

Max Saidman And Jeremy Levart Secure $21M Construction Loan For 78-Unit Multifamily In Orange
FINANCEDMultiFamily

Max Saidman And Jeremy Levart Secure $21M Construction Loan For 78-Unit Multifamily In Orange

617 Scotland Road

$21,000,000

Building Size

Asset Type

MultiFamily

Closing

Apr 29, 2026

AI

The property asset involved in this transaction is a multifamily unit located at 617 Scotland Road in the Orange market, comprising 78 units. The loan amount for this property is $21,000,000, which is designated for construction purposes.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $21,000,000
  • Loan Type: Construction
  • Lender: Max Saidman - OakNorth Bank
  • Lender: Jeremy Levart - Oak Funding
  • Broker: Baruch Litwin

The key individuals involved in this deal include Max Saidman and Jeremy Levart, who represent the lenders OakNorth Bank and Oak Funding, respectively. Baruch Litwin is the broker facilitating the transaction.

Players

Baruch Litwin

Broker

$112.5M

vol

3 deals

Broker
OakNorth Bank
OakNorth BankLender
Jeremy Levart

Jeremy Levart

Oak Funding

Originator

$218.5M

vol

5 deals

Originator

Orange MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.76%

Cash-on-Cash

-0.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93