Updated Dec 4, 2025
Urban Standard Capital Provides $16.5 Million Construction Loan For Development Site In Sag Harbor
$16,500,000
Building Size
—
Asset Type
Development Site
Closing
Nov 30, 2025
About this deal
AI
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
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
0.96%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93