Sep Talas, Esq. & Robert Talas Of Flatiron Realty Capital Provide $5,060,000 Construction Loan In Montauk
$5,060,000
Building Size
—
Asset Type
Single Family Residence
Closing
Jul 31, 2026
AI
A mid-construction loan was closed for a luxury single-family residence situated in Montauk, New York. The loan amount was $5,060,000, specifically structured as an 18-month construction loan to facilitate ongoing development without interruption.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $5,060,000
- Lender: Sep Talas, Esq. & Robert Talas - Flatiron Realty Capital
- Loan Type: Construction
- Loan Terms: 18-Month Ground Up Construction Loan
- Market: Montauk
Flatiron Realty Capital, represented by Sep Talas, Esq. and Robert Talas, provided a financing solution tailored to the borrower’s needs, enabling a quick refinance of the existing loan. The firm continues to support developers in the luxury market with its in-house underwriting and capital solutions.
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
3.13%
Cash-on-Cash
-0.90%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93