The Loketch Group Secures $25,600,000 Construction Loan From ICross Capital For Condo In Brooklyn
158 South Oxford Street
$25,600,000
Building Size
—
Asset Type
Condo
Closing
Jun 3, 2026
About this deal
AI
The property asset involved in this transaction is a condo located at 158 South Oxford Street in the Brooklyn market. The loan amount for this construction project is $25,600,000, facilitated by iCross Capital. The property is part of a development overseen by The Loketch Group.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $25,600,000
- Lender: iCross Capital
- Landlord: The Loketch Group
- Landlord's Representative: Omar Ferreira & Morris Betesh - Arrow Real Estate Advisors
- Loan Type: Construction
Key individuals involved in the deal include Omar Ferreira, Allan Lebovits, Moishe Loketch, and Pinny Loketch, representing various interests associated with The Loketch Group during this transaction.
On the Map
$25,600,000
Condo
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Players
Brooklyn Condo Market Snapshot
Boundary boundary · Condo · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.62%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93