Urban Standard Capital Provides $3.75M Construction Loan For Bridgehampton SFR On Scuttle Hole Road
FINANCED
$3,750,000
New York
See Similar DealsSingle Family Residence12,376 SF
Financed 02/08/2022
FINANCED
Urban Standard Capital Provides $3.75M Construction Loan For Bridgehampton SFR On Scuttle Hole Road
1164 Scuttle Hole Road, Water Mill, New York 11976, United States
See Similar DealsSingle Family Residence12,376 SF
Financed 02/08/2022
Summary
NEW YORK
Asset Type:Single Family Residence
Price Per Square Foot:$303
Total Square Footage:12,376 SF
Transaction Type:Loan
A loan for the property located at 1164 Scuttle Hole Road in Bridgehampton has been secured. The single-family residence consists of approximately 12,376 square feet.
Summary of Transaction Details
- Property Type: Single-Family Residence
- Transaction Amount: $3,750,000
- Lender: Urban Standard Capital - Seth Weissman, Jeremy Plofker, Robert Levine & Bean
- Loan Type: Construction
The loan was provided by Urban Standard Capital, with Seth Weissman, Jeremy Plofker, Robert Levine, and Bean representing the lender. The loan amount is $3,750,000 and it is a construction loan. For any bridge and construction lending opportunities, interested parties can contact Robert at [email protected] or Jeremy at [email protected].
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,750,000.00
Monthly NOI$25,000.00
Monthly Debt Service$23,702.55
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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