Urban Standard Capital Provides $16.5 Million Construction Loan For Development Site In Sag Harbor
FINANCED
$16,500,000
New York
See Similar DealsDevelopment Site
Financed 11/30/2025
FINANCED
Urban Standard Capital Provides $16.5 Million Construction Loan For Development Site In Sag Harbor
Development Site
Financed 11/30/2025
Summary
Asset Type:Development Site
Transaction Type:Loan
The asset involved in this transaction is a development site located in Sag Harbor. The loan amount for this property is $16,500,000, which is classified as a construction loan.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $16,500,000
- Lender: Urban Standard Capital
- Loan Type: Construction
- Date: 12/1/2025
The deal involves key individuals including Harris Pergament and Seth Weissman from Urban Standard Capital, who provided the loan. Urban Standard Capital specializes in financing residential construction projects and employs a creative approach to structuring deals that suit the specific needs of each project.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$16,500,000.00
Monthly NOI$110,000.00
Monthly Debt Service$104,291.22
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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