BridgeCity Capital Provides $7,400,000 Construction Loan For 5 Luxury Condominium Units In Greenpoint

The asset involved in this transaction consists of five luxury condominium units located in Greenpoint, Brooklyn. The total loan amount for this development project is $7,400,000. The financial support is provided as a construction loan with terms set for 18 months along with options for extensions. The loan-to-cost ratio is 80%.

Summary of transaction details:

• Property Type: Luxury Condominium Units
• Transaction Amount: $7,400,000
• Lender: BridgeCity Capital
• Loan Type: Construction
• Loan Terms: 18 months + extension options
• LTC: 80%
• Market: Greenpoint, Brooklyn

BridgeCity Capital is funding diverse projects across the Tri-State Area and South Florida, among other locations. Louis Lebovits serves as the point of contact for loan inquiries through the provided email address.