The Loketch Group Secures $25,600,000 Construction Loan From ICross Capital For Condo In Brooklyn

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.