BridgeCity Capital Provides $29M Acquisition Loan For Development Site In Mott Haven, Bronx

BridgeCity Capital has provided a loan of $29,000,000 for the acquisition of a development site located at 120 E. 144th St. in Mott Haven, Bronx. The loan was granted on March 30, 2022, with a loan-to-value (LTV) ratio of 70%. The development site spans approximately 320,695 square feet in size.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $29,000,000
• Address: 120 E. 144th St.
• Market: Mott Haven, Bronx
• Lender: BridgeCity
• Lender Representatives: Louis Lebovits, Moishe Loketch, Pinny Loketch, and Allan Lebovits
• Loan Type: Acquisition
• Loan Terms: 70 LTV

BridgeCity, represented by Louis Lebovits, Moishe Loketch, Pinny Loketch, and Allan Lebovits, is actively financing mixed-use, residential, industrial, and construction projects in the Tri-State Area, South Florida, and various other states. For loan inquiries, contact [email protected] or visit BridgeCity's website at https://www.bridgecityfunding.com/.