Alex Piroozian Of Washington Equity & Funding Corp Provides $2,000,000 Loan In Manhasset
$2,000,000
Building Size
—
Asset Type
Single Family Residence
Closing
Jul 17, 2026
AI
The asset involved in this transaction is a single-family residence (SFR) located in Manhasset, NY. The loan amount for this acquisition is $2,000,000, which will be utilized for both the purchase and construction of the property.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $2,000,000
- Lender: Alex Piroozian - Washington Equity & Funding Corp
- Loan Type: Acquisition
- Loan Terms: 12 Months Acquisition & Construction
The transaction was funded at 100% of the purchase price and 100% of the construction costs. Alex Piroozian represents Washington Equity & Funding Corp, a direct private lender with over 25 years of experience serving the private real estate investment community.
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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93