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
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.
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