Titan Capital Provides $3M Construction Loan For Luxury Development Site In Southampton

The property asset involved is a development site located in Southampton, within The Hamptons market. It has a total square footage of 7,300 and is associated with a construction loan amounting to $3,000,000.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $3,000,000
• Loan Amount: $3,000,000
• Loan Type: Construction
• Lender: David Saferstein, Zach Waldman, Matthew Job & Ira Saferstein - Titan Capital

The deal involved a refinance and construction loan provided by Titan Capital, enabling the sponsor to complete a luxury single-family residence that includes six bedrooms, a fully finished basement, a heated gunite pool, a tennis court, and an additional pool house.