Debt

Single Family Construction Debt


Amount: $8,300,000 • CLTV: 67% • Rate: 5.75%

Property

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

Scenario

Park 49 provided financing for the acquisition & development of a parcel located in Southampton, NY. The borrower intends on building a traditional Hampton’s style home and flipping the property to a buyer seeking a summer home within close proximity to the beach.