Urban Standard Capital Provides $5.4M Construction Loan For SFR In East Hampton
$5,400,000
$1,200/SF
Building Size
4,500 SF
Asset Type
Single Family Residence
Closing
Jul 26, 2023
AI
An SFR property in East Hampton, with an image featuring Seth Weissman, Harrison Rowen, Bean, and Robert Levine, has recently undergone a loan transaction.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $5,400,000
- Market: East Hampton
- Lender: Urban Standard Capital
- Loan Type: Construction
Urban Standard Capital provided a construction loan of $5,400,000 for the SFR property in East Hampton. The loan is intended for construction purposes, enabling the development or renovation of the property.
Robert Levine and Harrison Rowen, representing Urban Standard Capital, can be contacted via email for bridge and construction lending opportunities. Robert Levine's email is [email protected], and Harrison Rowen's email is [email protected].
Players
New York 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
2.94%
Cash-on-Cash
-0.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93