Deal Details
Private Loan Type
Purchase
Approx. Funding Date
11/16/2018
Property Type
Single Family Residence
Property City
Amagansett
Property State
NY
Lien Type
1st Mortgage
Payment Type
Interest Only
Lot Square Footage
70,000
Deal Summary
IceCap Group, a direct private lending firm, funded a $1,490,000 1st lien position hard money loan for the acquisition of a single-family home in the Hamptons, Amagansett, New York. The subject property sits on 70,000 square feet of land. It carries 5 bedrooms and 3.5 baths with a double car garage. This SFR purchase bridge loan was funded in November 2018.