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

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.