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Hewlett

Robert Talas & Sep Talas, Esq. Provide $2.16M Bridge Loan For SFR Projects In Hewlett & Wantagh
FINANCEDSingle Family Residence

Robert Talas & Sep Talas, Esq. Provide $2.16M Bridge Loan For SFR Projects In Hewlett & Wantagh

$2,156,250

Building Size

Asset Type

Single Family Residence

Closing

May 21, 2025

AI

The asset involved in this transaction is a single-family residence (SFR) located in the Hewlett and Wantagh market. The project consists of two ultra-luxury new-construction properties that were financed using a refinancing arrangement.

Summary of transaction details:

  • Property Type: SFR
  • Transaction Amount: $2,156,250
  • Lender: Robert Talas & Sep Talas, Esq. - Flatiron Realty Capital
  • Loan Type: Refinance
  • Loan Terms: 12-Month Stabilized Bridge Loan

This transaction was facilitated by Robert Talas and Sep Talas, Esq., who form part of Flatiron Realty Capital, providing the in-house capital and portfolio loan program for financing this project. The refinance was structured to support the stabilization of these new-construction properties, with Sep Talas available to assist in financing future projects.

Players

Robert Talas

Flatiron Realty Capital

Lender

$891.8M

vol

23 deals

Lender
Flatiron Realty Capital
Flatiron Realty CapitalLender

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

7.36%

Cash-on-Cash

-2.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93