Single Family Construction Debt

Park 49 provided financing for a parcel of development land located in Southampton, NY. The borrower is a Long Island based investor who intends on building a single family property.

Property Details

The parcel sits on half an acre and can accommodate a 4500 square foot home.

Loan Details

The borrower plans on building a traditional Hampton’s style home and flipping the property to a buyer seeking a summer rental within close proximity to the beach. Park 49 was able to provide acquisition and construction financing for the project.

Our goal is to provide our commercial real estate clients with alternative financing solutions to address their specific needs. If you have a financing inquiry, feel free to reach out to see how we might be able to assist.