Jeremy Levart Of Oak Funding Provides $10,600,000 Construction Loan For Brooklyn Condo
5601 13th Avenue
$10,600,000
Building Size
—
Asset Type
Condo
Closing
Sep 15, 2026
About this deal
AI
The property asset involved in this transaction is located at 5601 13th Avenue, Brooklyn. It is classified as a condo and is part of the construction financing sector. The loan issued for this condo amounts to $10,600,000.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $10,600,000
- Lender: Jeremy Levart
- Lender Agency: Oak Funding
- Loan Type: Construction
- Date: 09/15/2026
Jeremy Levart represents Oak Funding, which is active in financing multifamily, mixed-use, and commercial real estate projects nationwide. For loan inquiries, potential clients are encouraged to visit the company's website or reach out via email.
On the Map
$10,600,000
Condo
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.50%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93