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Urban Standard Capital Provides $7.5M Construction Loan For Amagansett SFR

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FINANCED
$7,500,000

New York

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Single Family Residence13,341 SF
Financed 08/31/2022
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Property Image
FINANCED

Urban Standard Capital Provides $7.5M Construction Loan For Amagansett SFR

91 Abrahams Landing Road

See Similar Deals
Single Family Residence13,341 SF
Financed 08/31/2022
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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

Seth Weissman
55 deals$584M volume
LENDER

Harrison Rowen
Urban Standard Capital
14 deals$121.8M volume
LENDER

Robert Levine
Urban Standard Capital
28 deals$257.7M volume
LENDER

Urban Standard Capital
LENDER

Details

FINANCED
IMAGE: POST SPEED POST LOAN IMAGE: Seth Weissman, Bean, Harrison Rowen & Robert Levine DATE: 08/31/2022 ADDRESS: 91 Abrahams Landing Rd. MARKET: Amagansett ASSET TYPE: SFR ~ SF: 13,341 LENDER: Urban Standard Capital (@USC_NYC) - Harrison Rowen (@HarrisonRowen), Seth Weissman (@SjWeissman) & Robert Levine (@RLevine1818) LOAN AMOUNT: $7,500,000 LOAN TYPE: Construction

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Deal Type
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