This transaction involved a single-family residence situated in Southampton, NY, with a total square footage of 10,000. The property was refinanced for a loan amount of $5,100,000, transitioning from a hard money acquisition loan to a permanent loan.

Summary of transaction details:

• Property Type: Single Family Residence
• Transaction Amount: $5,100,000
• Loan Type: Refinance
• Loan Terms: Hard money acquisition loan converted to a permanent loan at 7.125% interest, with zero discount points and zero prepayment penalty from day one.
• Broker Information: Yitzchak Yehoshua - White Willow Capital
• Approval Method: Alternative income verification that did not require tax returns.

The broker representing this refinance transaction was Yitzchak Yehoshua from White Willow Capital, who provided advisory services on switching from bridge debt, which had a higher interest rate of 12.5%, to the permanent loan at a lower interest rate. This transaction was completed with Siata Dishmaya.