Updated Oct 2, 2026
Titan Capital Provides $6,200,000 Construction Loan For Development Site In Bridgehampton
$6,200,000
Building Size
—
Asset Type
Development Site
Closing
Sep 28, 2026
About this deal
AI
A development site in Bridgehampton, The Hamptons, is the subject of a construction loan. The property entails 10,000 square feet and is intended for the construction of a luxury single-family home, with a loan amount of $6,200,000. The lender facilitating this transaction is Titan Capital.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $6,200,000
- Asset Size: 10,000 BSF
- Lender: David Saferstein, Zach Waldman, Matthew Job, Ira Saferstein - Titan Capital
- Loan Type: Construction
- Loan Terms: 18 Months
The financial backing provided by Titan Capital allows for a streamlined progression toward the completion and sellout of the new luxury single-family home, as articulated in their loan note regarding this acquisition and construction loan.
Players
Market Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.56%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93