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
$3,750,000
$303/SF
Building Size
12,376 SF
Asset Type
Single Family Residence
Closing
Feb 7, 2022
AI
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
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
4.23%
Cash-on-Cash
-1.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93