Titan Capital Provides $5.75 Million Construction Loan For Multifamily Development In Sag Harbor
$5,750,000
$410/SF
Building Size
14,000 SF
Asset Type
MultiFamily
Closing
Dec 29, 2025
AI
The asset involved in this transaction is a multifamily development located in the Hamptons, specifically in Sag Harbor. The total square footage of the property is 14,000. The property is being financed through a construction loan amounting to $5,750,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,750,000
- Loan Type: Construction
- Loan Terms: 18 Months
- Lender: David Saferstein, Matthew Job, Ira Saferstein & Zach Waldman - Titan Capital
The loan will facilitate the efficient progression of the luxury multi-townhouse development project, allowing the borrower to achieve project completion and subsequent sellout effectively. The lending parties are represented by David Saferstein, Matthew Job, Ira Saferstein, and Zach Waldman from Titan Capital.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.76%
Cash-on-Cash
-0.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93