Titan Capital Provides $5,000,000 Construction Loan For Development Site In Bridgehampton

The asset involved in this transaction is a development site in Bridgehampton with a buildable square footage of 12,000. The transaction is backed by a construction loan amounting to $5,000,000, designated for the development of a luxury single-family home in this sought-after area.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $5,000,000
• Loan Type: Construction
• Loan Terms: 18 Months
• Lender: David Saferstein, Zach Waldman, Matthew Job & Ira Saferstein
• Lending Institution: Titan Capital

The individuals involved in this transaction include David Saferstein, Zach Waldman, Matthew Job, and Ira Saferstein, representing Titan Capital as the lender. The loan is intended to facilitate the borrower’s timely completion and subsequent sellout of the property.