Maxim Provides $1.2M Loan For Note On Southampton Property
64 Westway Drive, Southampton, NY, USA
$1,200,000
$2/SF
Building Size
409,464 SF
Asset Type
Other
Closing
Jun 17, 2021
AI
The property involved in this transaction is a note located at 64 Westway Dr. in Southampton. The loan amount for this transaction is $1,200,000. The lender for this loan is Maxim. Alec Feintuch from Leviathan Capital served as the broker in this deal.
Summary of Transaction Details
- Property Type: Note
- Transaction Amount: $1,200,000
- Lender: Maxim
- Broker: Alec Feintuch - Leviathan Capital
Alec Feintuch from Leviathan Capital represented the borrower in this loan transaction. No additional information was available regarding this deal.
Players
Southampton Other Market Snapshot
Boundary boundary · Other · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93