Updated Feb 21, 2025
Urban Standard Capital Provides $4.5M Construction Loan For Water Mill SFR On Farmstead Lane
1 Farmstead Lane, Water Mill, NY 11976
$4,500,000
$642/SF
Building Size
7,000 SF
Asset Type
Single Family Residence
Closing
Jan 7, 2022
About this deal
AI
Located in Water Mill, this single-family residential property at 1 Farmstead Lane recently underwent a construction project. Spanning 7,000 square feet, the property offers a spacious living space. Urban Standard Capital, a lending institution, provided a loan of $4,500,000 to support the construction project.
Summary of transaction details
- Property Type: Single-family residential (SFR)
- Transaction Amount: $4,500,000 loan
- Address: 1 Farmstead Lane, Water Mill
- Loan Type: Construction
- Loan Reps: Seth Weissman, Jeremy Plofker, Robert Levine, and Bean from Urban Standard Capital
If you are interested in bridge and construction lending opportunities, you can reach out to Robert at [email protected] or Jeremy at [email protected]. They are the contacts at Urban Standard Capital for such inquiries.
On the Map
$4,500,000
$642/SF
Single Family Residence
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Players
Water Mill Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93