Updated Mar 11, 2025
Martin Chera Of Express Capital Financing Provides $2.75M Construction Loan In Southold
$2,746,562
$291/SF
Building Size
9,414 SF
Asset Type
Single Family Residence
Closing
Nov 19, 2024
About this deal
AI
The transaction involves a single-family residence (SFR) located in Southold, with a square footage of 4,707. A construction loan of $2,746,562 was secured for this property.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $2,746,562
- Lender: Martin Chera
- Lender Agency: Express Capital Financing
- Loan Type: Construction
- Loan Terms: 12 Months
The deal was facilitated by Martin Chera, representing Express Capital Financing as the lender for the construction loan. The transaction occurred on 11/19/2024.
Martin Chera Of Express Capital Financing Provides $2.75M Construction Loan In Southold is logged as a single family residence loan on Traded (2024). The building is 9,414 square feet, implying about 291 per square foot on the published price. This page is the market file for the Martin Chera Of Express Capital Financing Provides $2.75M Construction Loan In Southold single family residence financed: pricing, party profiles, and other closed single family residence comps from the same area sit in the Market section below. Cite this Martin Chera Of Express Capital Financing Provides $2.75M Construction Loan In Southold loan when underwriting similar single family residence product.
Players
Market 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
5.78%
Cash-on-Cash
-1.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93