BridgeCity Capital Provides $32 Million Bridge Loan For 300,000 SF Office In New Providence NJ

The asset involved in this transaction is an office property located in New Providence, NJ, with a total square footage of 300,000. The loan amount secured for this property is $32,000,000, and it falls under a bridge loan type. The loan terms include a duration of 12 months with extension options available, and it has a loan-to-value ratio (LTV) of 65%.

Summary of transation details:

• Property Type: Office
• Transaction Amount: $32,000,000
• Location: New Providence, NJ
• Square Footage: 300,000
• Loan Type: Bridge
• Loan Terms: 12 months + extension options
• LTV: 65%
• Lender: Louis Lebovits, Allan Lebovits, Moishe Loketch & Pinny Loketch - BridgeCity Capital

Key individuals involved in this transaction include Louis Lebovits, Allan Lebovits, Moishe Loketch, and Pinny Loketch, representing BridgeCity Capital. This firm is noted for actively financing a variety of projects including mixed-use, residential, industrial, and construction endeavors across the Tri-State Area, South Florida, and various other states. Loan inquiries can be directed to Louis at the provided email address.