Updated Jun 24, 2026
Elijah Zuckerman, Seth Weissman & Bean Of Urban Standard Capital Secures $10.2M Construction Loan In Sagaponack
$10,200,000
Building Size
—
Asset Type
Single Family Residence
Closing
Jun 11, 2026
About this deal
AI
The asset involved in this transaction is a single-family residence (SFR) located in Sagaponack, NY. The loan amount for the construction of this property is $10,200,000, and it is a construction loan provided by Urban Standard Capital.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $10,200,000
- Lender: Elijah Zuckerman, Seth Weissman & Bean - Urban Standard Capital
- Loan Type: Construction
- Date: 6/12/2026
- Market: Sagaponack, NY
The deal was facilitated by Elijah Zuckerman and Seth Weissman, who are part of the lending team at Urban Standard Capital. USC specializes in financing residential projects across the country and takes a creative, solutions-oriented approach to structuring deals to meet the unique needs of each project.
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
1.56%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93