Updated Oct 15, 2026
William Levy & Solomon Terzi Provide $3,525,000 Construction Loan For Single Family In Ridgewood
119 Sheridan Terrace
$3,525,000
Building Size
—
Asset Type
Single Family Residence
Closing
May 19, 2026
About this deal
AI
The property involved in this transaction is a single family home located at 119 Sheridan Terrace in Ridgewood. A construction loan of $3,525,000 has been secured for this asset, with a term of 12 months.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $3,525,000
- Loan Type: Construction
- Loan Terms: 12 months
- Lender: William Levy & Solomon Terzi - IceCap Group
William Levy and Solomon Terzi are the representatives from IceCap Group, serving as the lenders for the construction financing of the property. Their involvement in this transaction underscores their role in facilitating the financial aspects related to the development of the property.
On the Map
$3,525,000
Single Family Residence
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Players
Ridgewood Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.50%
Cash-on-Cash
-1.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93