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
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