Urban Standard Capital Provides $3 Million Acquisition Loan For Retail Asset In Sag Harbor
FINANCED
$3,000,000
New York
See Similar DealsRetail
Financed 02/13/2026
FINANCED
Urban Standard Capital Provides $3 Million Acquisition Loan For Retail Asset In Sag Harbor
1 Main Street
See Similar DealsRetail
Financed 02/13/2026
Summary
NEW YORK
Asset Type:Retail
Transaction Type:Loan
The asset involved in this transaction is a retail property located at 1 Main Street in Sag Harbor. The loan amount secured for this acquisition is $3,000,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,000,000
- Lender: Urban Standard Capital
- Landlord: David Shorenstein, Jason Breitstone, John Piccinnini & Kelly Piccinnini
- Loan Type: Acquisition
The deal is represented by key individuals including Seth Weissman, Haley Davis, Bean, David Shorenstein, Jason Breitstone, Kelly Piccinnini, and John Piccinnini. For all bridge and construction lending opportunities, Urban Standard Capital has indicated to email [email protected].
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,000,000.00
Monthly NOI$20,000.00
Monthly Debt Service$18,962.04
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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