Martin Chera Of Express Capital Financing Provides $2.75M Construction Loan In Southold
FINANCED
$2,746,562
New York
See Similar DealsSingle Family Residence9,414 SF
Financed 11/19/2024
FINANCED
Martin Chera Of Express Capital Financing Provides $2.75M Construction Loan In Southold
Single Family Residence9,414 SF
Financed 11/19/2024
Summary
NEW YORK
Asset Type:Single Family Residence
Price Per Square Foot:$291
Total Square Footage:9,414 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,746,562.00
Monthly NOI$18,310.41
Monthly Debt Service$17,360.14
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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