Updated Feb 21, 2025
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
About this deal
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
Loading comparables…
Deal FAQ
Visit Seth Weissman to view all their deals.
Browse New York single family residence loans on Traded.
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