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Single Family Residence

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Water Mill

 Secure $12.75M Construction Loan For Water Mill SFR
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

Harrison Rowen

Outline Capital

Buyer

$142.3M

vol

16 deals

Buyer
OC
Outline CapitalLender

Market Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Loan transactions

Loading comparables…

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