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

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.