FINANCEDSingle Family Residence
Robert Levine & Harrison Rowen 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: Outline Capital
The key individuals associated with the deal are Robert Levine and Harrison Rowen, both serving as developers through their company Outline Capital. 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