Urban Standard Capital Provides $4.5M Construction Loan For Water Mill SFR On Farmstead Lane
FINANCED
$4,500,000
New York
See Similar DealsSingle Family Residence7,000 SF
Financed 01/07/2022
FINANCED
Urban Standard Capital Provides $4.5M Construction Loan For Water Mill SFR On Farmstead Lane
1 Farmstead Lane, Water Mill, NY 11976
See Similar DealsSingle Family Residence7,000 SF
Financed 01/07/2022
Summary
NEW YORK
Asset Type:Single Family Residence
Price Per Square Foot:$642
Total Square Footage:7,000 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,500,000.00
Monthly NOI$30,000.00
Monthly Debt Service$28,443.06
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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