Titan Capital Provides $8 Million Construction Loan For Development Site In East Hampton
FINANCED
$8,000,000
New York
See Similar DealsDevelopment Site16,000 SF
Financed 04/15/2026
FINANCED
Titan Capital Provides $8 Million Construction Loan For Development Site In East Hampton
Development Site16,000 SF
Financed 04/15/2026
Summary
Asset Type:Development Site
Price Per Square Foot:$500
Total Square Footage:16,000 SF
Transaction Type:Loan
The transaction involves a development site in the Hamptons, comprising 16,000 square feet. The loan amount secured for this development is $8,000,000, classified as a construction loan with a term of 12 months.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $8,000,000
- Loan Type: Construction
- Loan Terms: 12 Months
- Lender: Titan Capital
- Broker: Michael Tsyngauz - Arrow Real Estate Advisors
The lending parties involved in this transaction include David Saferstein, Matthew Job, Ira Saferstein, and Zach Waldman, representing Titan Capital in the deal, enabling the sponsor to complete two high-end single-family residences in East Hampton.
Players
LENDER
LENDER
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$8,000,000.00
Monthly NOI$53,333.33
Monthly Debt Service$50,565.44
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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