Titan Capital Provides $8 Million Construction Loan For Development Site In East Hampton

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.