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
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