Louis Lebovits Of BridgeCity Capital Provides $14.25M Loan For Development Site In New Providence NJ
FINANCED
$14,250,000
New Jersey
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Financed
FINANCED
Louis Lebovits Of BridgeCity Capital Provides $14.25M Loan For Development Site In New Providence NJ
Development Site
Financed
Summary
Asset Type:Development Site
Transaction Type:Loan
The asset involved in this transaction is a development site located in New Providence, NJ. The loan provided for this property amounts to $14,250,000 and is categorized as a construction loan with terms spanning 12 months plus extension options. The loan-to-value (LTV) ratio stands at 75%.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $14,250,000
- Lender: Louis Lebovits - BridgeCity Capital
- Loan Type: Construction
- Loan Terms: 12 months + extension options
- LTV: 75%
Louis Lebovits of BridgeCity Capital is actively financing this construction project, specializing in mixed-use, residential, industrial, and construction projects across the Tri-State Area, South Florida, and other states.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$14,250,000.00
Monthly NOI$95,000.00
Monthly Debt Service$90,069.69
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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