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Hedig Family Secures $3,050,000 Construction Loan From Michael Tsor At Broadview Funding For Development Site

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FINANCED
$3,050,000

New Jersey

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Development Site14,000 SF
Financed 04/22/2026
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Property Image
FINANCED

Hedig Family Secures $3,050,000 Construction Loan From Michael Tsor At Broadview Funding For Development Site

146 Third Street

See Similar Deals
Development Site14,000 SF
Financed 04/22/2026
Contact now

Summary

NEW JERSEY
Asset Type:Development Site
Price Per Square Foot:$217
Total Square Footage:14,000 SF
Transaction Type:Loan

The asset involved in this transaction is a development site located at 146 Third Street in Keyport. The property has a square footage of 14,000 and has secured a loan amount of $3,050,000. The loan type is for construction purposes, with terms set for 24 months.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $3,050,000
  • Address: 146 Third Street
  • Market: Keyport
  • Lender: Michael Tsor - Broadview Funding
  • Landlord: Hedid Family
  • Loan Type: Construction
  • Loan Terms: 24 months

Key individuals involved in the deal include Michael Tsor, who represents Broadview Funding, a private debt fund that specializes in construction, bridge, and DSCR loans across the Tri-State area and Florida. The Hedid Family is the landlord associated with this property transaction.

Players

LENDER

Details

FINANCED
IMAGE: Michael Tsor DATE: 04/22/2026 ADDRESS: 146 Third Street MARKET: Keyport ASSET TYPE: Development Site ~ SF: 14,000 LENDER: Michael Tsor - Broadview Funding LANDLORD: Hedid Family LOAN AMOUNT: $3,050,000 LOAN TYPE: Construction LOAN TERMS: 24 months NOTE FROM LENDER: Broadview Funding is a private debt fund specializing in construction, bridge, and DSCR loans across the Tri-State area and Florida up to 30m. If you have deals or questions reach out to Michael Tsor. [email protected] C: 516-344-7942

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$3,050,000.00

Monthly NOI$20,333.33
Monthly Debt Service$19,278.07
Change in Cash Flow$0.00
Refinance Proceeds$0.00