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1 Farmstead Lane, Water Mil...

Urban Standard Capital Provides $4.5M Construction Loan For Water Mill SFR On Farmstead Lane
FINANCEDSingle Family Residence

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

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.

Players

Seth Weissman

Urban Standard Capital

Lender

$590.5M

vol

56 deals

Lender
Urban Standard Capital
Urban Standard CapitalLender

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