Urban Standard Capital Provides $7.5M Construction Loan For Amagansett SFR
FINANCED
New York
See Similar DealsSingle Family Residence13,341 SF
Financed 08/31/2022
FINANCED
Urban Standard Capital Provides $7.5M Construction Loan For Amagansett SFR
91 Abrahams Landing Road
See Similar DealsSingle Family Residence13,341 SF
Financed 08/31/2022
Summary
NEW YORK
Asset Type:Single Family Residence
Price Per Square Foot:$562
Total Square Footage:13,341 SF
Transaction Type:Loan
The property at 91 Abrahams Landing Rd. in Amagansett has been involved in a closed transaction. This single-family residence spans over 13,341 square feet, making it a spacious living space in the area.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $7,500,000
- Address: 91 Abrahams Landing Rd.
- Market: Amagansett
- Lender: Urban Standard Capital - Harrison Rowen, Seth Weissman & Robert Levine
- Loan Type: Construction
The loan for this property was provided by Urban Standard Capital, with Harrison Rowen, Seth Weissman, and Robert Levine representing the lender. The loan amount was $7,500,000, and it was a construction loan.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$7,500,000.00
Monthly NOI$50,000.00
Monthly Debt Service$47,405.10
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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