Updated Feb 21, 2025
Urban Standard Capital Provides $6.5M Loan For Montauk SFR - Seth Weissman, Charlie Brosens, Robert Levine
42 Deforest Road, Montauk, NY, USA
$6,500,000
$17/SF
Building Size
366,166 SF
Asset Type
Single Family Residence
Closing
May 3, 2021
About this deal
AI
A residential property located at 42 Deforest Road in Montauk has been involved in a recent loan transaction. The loan, provided by Urban Standard Capital (USC), amounted to $6,500,000. The property is classified as a single-family home.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $6,500,000
- Lender: Urban Standard Capital (USC)
- Lender Representatives: Seth Weissman, Charlie Brosens, Robert Levine, and Bean
The loan transaction was facilitated by USC and its representatives, Seth Weissman, Charlie Brosens, Robert Levine, and Bean. For all bridge and construction lending opportunities, interested parties are encouraged to contact Charlie ([email protected]) and Robert ([email protected]).
Players
Montauk 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
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93