FINANCEDSingle Family Residence
Secure $12.75M Construction Loan For Water Mill SFR
$12,750,000
Building Size
—
Asset Type
Single Family Residence
Closing
Jun 2, 2026
AI
The asset involved in this transaction is a single-family residence (SFR) located in the Water Mill market. The loan amount secured for the development is $12,750,000, which is aimed at construction financing.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $12,750,000
- Loan Type: Construction
- Developers: Robert Levine & Harrison Rowen
- Developer Agency:
The key individuals associated with the deal are Robert Levine and Harrison Rowen, both serving as developers through their company . This company specializes in providing construction and bridge financing tailored for luxury single-family developers across sought-after markets in the country. Their approach includes common-sense underwriting, fast draws, and in-house servicing.
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
1.24%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93