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Tameer Orevi Of Orevi Capital Provides $4.3M Refinance Loan To Landlord Sri Koneru In Southampton

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FINANCED
$4,300,000

New York

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Single Family Residence5,219 SF
Financed 04/18/2025
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FINANCED

Tameer Orevi Of Orevi Capital Provides $4.3M Refinance Loan To Landlord Sri Koneru In Southampton

100 Narrow Lane

See Similar Deals
Single Family Residence5,219 SF
Financed 04/18/2025
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Single Family Residence
Price Per Square Foot:$823
Total Square Footage:5,219 SF
Transaction Type:Loan

The property involved in this transaction is a single-family residence located at 100 Narrow Lane in Southampton. The asset covers a square footage of 5,219 and is newly constructed. The loan amount for this property is $4,300,000, and it is classified under a refinance loan type with an 18-month bridge loan term, featuring no prepayment penalty.

Summary of transaction details:

  • Property Type: SFR
  • Transaction Amount: $4,300,000
  • Address: 100 Narrow Lane
  • Market: Southampton
  • Asset Square Footage: 5,219
  • Lender: Tameer Orevi - Orevi Capital
  • Landlord: Sri Koneru
  • Loan Type: Refinance
  • Loan Terms: 18 month bridge loan with no prepayment penalty

Tameer Orevi of Orevi Capital provided the refinancing for this property, facilitating over $1 million cash out to the client. Notably, the certificate of occupancy for the development was not issued at the time of closing.

Players

Tameer Orevi
Orevi Capital
Tameer Orevi
4 deals$17.8M volume
LENDER
Orevi Capital
Orevi Capital
LENDER

Details

FINANCED
IMAGE: Tameer Orevi DATE: 4/18/2025 ADDRESS: 100 Narrow Lane MARKET: Southampton ASSET TYPE: SFR ~ SF: 5,219 LENDER: Tameer Orevi - Orevi Capital LANDLORD: Sri Koneru LOAN AMOUNT: $4,300,000 LOAN TYPE: Refinance LOAN TERMS: 18 month bridge loan with no prepayment penalty NOTE FROM LENDER: Orevi Capital refinanced this newly constructed SFR development with over $1mm cash out to the client. The certificate of occupancy was not yet issued at the time of closing.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$4,300,000.00

Monthly NOI$28,666.67
Monthly Debt Service$27,178.93
Change in Cash Flow$0.00
Refinance Proceeds$0.00