Yonel Devico Of Crosby Capital USA Provides $6.9M Bridge Loan For 52 Holly Lane In Water Mill
FINANCED
$6,900,000
New York
See Similar DealsSingle Family5,100 SF
Financed 06/21/2024
FINANCED
Yonel Devico Of Crosby Capital USA Provides $6.9M Bridge Loan For 52 Holly Lane In Water Mill
52 Holly Lane
See Similar DealsSingle Family5,100 SF
Financed 06/21/2024
Summary
NEW YORK
Asset Type:Single Family
Price Per Square Foot:$1,352
Total Square Footage:5,100 SF
Transaction Type:Loan
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
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$6,900,000.00
Monthly NOI$46,000.00
Monthly Debt Service$43,612.69
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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