Urban Standard Capital Provides $5.4M Construction Loan For SFR In East Hampton
FINANCED
$5,400,000
New York
See Similar DealsSingle Family Residence4,500 SF
Financed 07/26/2023
FINANCED
Urban Standard Capital Provides $5.4M Construction Loan For SFR In East Hampton
Single Family Residence4,500 SF
Financed 07/26/2023
Summary
NEW YORK
Asset Type:Single Family Residence
Price Per Square Foot:$1,200
Total Square Footage:4,500 SF
Transaction Type:Loan
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
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$5,400,000.00
Monthly NOI$36,000.00
Monthly Debt Service$34,131.67
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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