Robert Talas Of Flatiron Realty Capital Provides $17.12 Million Construction Loan In Hamptons
$17,117,750
Building Size
—
Asset Type
Single Family Residence
Closing
Jun 12, 2025
AI
The asset involved in the transaction is a single-family residence (SFR) within the Westhampton Beach and Bridgehampton markets. The transaction includes a construction loan amounting to $17,117,750, secured for new construction projects, which encompass two luxury homes and a large residential lot ready for building.
Summary of transaction details:
- Property Type: Single-Family Residence
- Transaction Amount: $17,117,750
- Lender: Robert Talas - Flatiron Realty Capital
- Loan Type: Construction
- Loan Terms: 12-Month New Construction Loans
- Market: Westhampton Beach & Bridgehampton
Robert Talas of Flatiron Realty Capital is engaged in deploying capital across the Hamptons, currently managing over $100 million in active loans. The firm has recently added another $17 million to its loan portfolio, which includes financing various construction and acquisition projects in the East End.
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
0.93%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93