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Sagaponack

Elijah Zuckerman, Seth Weissman & Bean Of Urban Standard Capital Secures $10.2M Construction Loan In Sagaponack
FINANCEDSingle Family Residence

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

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

Urban Standard Capital
Urban Standard CapitalLender

Seth Weissman

Urban Standard Capital

Originator

$590.5M

vol

56 deals

Originator

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