Louis Lebovits Of BridgeCity Capital Provides $18.5M Acquisition Loan For 38-Unit Multifamily In Miami

The asset involved in this transaction is a multifamily property, consisting of 38 units, located in Miami, FL. The acquisition was financed with a loan amount of $18,500,000. The loan is structured for a term of 12 months with extension options available and has a loan-to-value ratio of 73%.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $18,500,000
• Lender: Louis Lebovits - BridgeCity Capital
• Loan Type: Acquisition
• Loan Terms: 12 months + extension options
• LTV: 73%

This transaction was facilitated by Louis Lebovits, who represents BridgeCity Capital as the lender. BridgeCity Capital is noted for its active financing of mixed-use, residential, industrial, and construction projects in the Tri-State Area, South Florida, and other states.