Capital Funding Financial And Easy Close Capital Provide $2,975,000 Refinance Loan To Peter Feraro In Montauk
83 Prospect Hill Lane
$2,975,000
$495/SF
Building Size
6,000 SF
Asset Type
Note / Loan
Closing
Sep 11, 2025
AI
The asset involved in this transaction is a note/loan related to a property located at 83 Prospect Hill Lane in the Montauk market. The loan amount for this refinance transaction is $2,975,000. The total square footage of the asset is 6,000.
Summary of transaction details:
- Property Type: Note / Loan
- Transaction Amount: $2,975,000
- Address: 83 Prospect Hill Lane
- Market: Montauk
- Lender: Capital Funding Financial & Easy Close Capital - Brenden Kardash
- Landlord: Peter Feraro
- Loan Type: Refinance
This deal involves Brenden Kardash representing the lenders, Capital Funding Financial and Easy Close Capital, in the refinancing process for Peter Feraro as the landlord of the property.
Players
Montauk Note / Loan Market Snapshot
Boundary boundary · Note / Loan · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.33%
Cash-on-Cash
-1.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93