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Flatiron Realty Capital Provides $8.845M Refinance And Purchase Loan For Sag Harbor And Lincoln Square Properties

Property Image
FINANCED
$8,845,000

New York

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Single Family Residence9,085 SF
Financed 04/15/2025
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Property Image
FINANCED

Flatiron Realty Capital Provides $8.845M Refinance And Purchase Loan For Sag Harbor And Lincoln Square Properties

Single Family Residence9,085 SF
Financed 04/15/2025
Contact now

Summary

NEW YORK
Asset Type:Single Family Residence
Price Per Square Foot:$973
Total Square Footage:9,085 SF
Transaction Type:Loan

The transaction involves a luxury single-family residence in Sag Harbor with a square footage of 6,171 and a condo unit on the West Side of Manhattan with a square footage of 2,950. The total loan amount for the refinance and purchase was $8,845,000, financed through a 12-month bridge loan.

Summary of transaction details:

  • Property Type: SFR and Condo Unit
  • Transaction Amount: $8,845,000
  • Lender: Flatiron Realty Capital
  • Loan Type: Refinance & Purchase
  • Loan Terms: 12 Month Bridge Loan
  • Market: Sag Harbor & Lincoln Square
  • Loan Originators: Daniel Kaziev & Robert Talas

Flatiron Realty Capital facilitated a cash-out refinance on a free and clear luxury condo, with the proceeds allocated for a down payment on a luxury single-family investment property. The key individuals involved in this transaction are Daniel Kaziev and Robert Talas from Flatiron Realty Capital, who played crucial roles in expediting the financing process.

Players

LENDER


Details

FINANCED
IMAGE: Daniel Kaziev & Robert Talas DATE: 04/15/2025 MARKET: Sag Harbor & Lincoln Square ASSET TYPE: SFR (SF: 6,171) & Condo Unit (SF: 2,950) LENDER: Flatiron Realty Capital (@FlatironRealtyCapital) - Daniel Kaziev (@Danny.Kaz) & Robert Talas (@BobbyTalas) LOAN AMOUNT: $8,845,000 LOAN TYPE: Refinance & Purchase LOAN TERMS: 12 Month Bridge Loan LENDER'S NOTE: Flatiron Realty Capital expedited a cash out refinance on a free & clear luxury condo on the West Side of Manhattan. Proceeds from the refinance were used as a down payment on the purchase of a luxury single family investment property in Sag Harbor. Contact us for any luxury bridge or new construction financing opportunities. Please reach out with your funding needs (917) 880-2430 [email protected]

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$8,845,000.00

Monthly NOI$58,966.67
Monthly Debt Service$55,906.42
Change in Cash Flow$0.00
Refinance Proceeds$0.00