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52 Holly Lane

FINANCEDSingle Family

Yonel Devico Of Crosby Capital USA Provides $6.9M Bridge Loan For 52 Holly Lane In Water Mill

52 Holly Lane

$6,900,000

$1,352/SF

Building Size

5,100 SF

Asset Type

Single Family

Closing

Jun 21, 2024

AI

The property involved in this transaction is a single-family home located at 52 Holly Lane in Water Mill, featuring a total square footage of 5,100. The loan amount for this property is $6,900,000, secured through a bridge loan.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $6,900,000
  • Address: 52 Holly Lane
  • Market: Water Mill
  • Lender: Yonel Devico - Crosby Capital USA
  • Loan Type: Bridge Loan

The transaction involved key stakeholders, including Yonel Devico representing Crosby Capital USA as the lender. This deal highlights the participation of financial intermediaries facilitating the bridge loan arrangement for the residential asset.

Players

Crosby Capital
Crosby CapitalLender

Water Mill Single Family Market Snapshot

Boundary boundary · Single Family · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.30%

Cash-on-Cash

-0.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93