BridgeCity Capital Provides $24,350,000 Construction Loan For Spring Valley Condo Project

The asset involved in the transaction is a condo located in Spring Valley. The property is financed through a loan with a total amount of $24,350,000, which is designated for construction. The loan terms include a duration of 24 months with options for extension, and the loan-to-cost ratio is set at 83%.

Summary of transaction details:

• Property Type: Condo
• Transaction Amount: $24,350,000
• Loan Type: Construction
• Loan Terms: 24 months + extension options
• LTC: 83%
• Lender: BridgeCity Capital
• Key Individuals: Louis Lebovits, Allan Lebovits, Moishe Loketch, Pinny Loketch
• Date: 6/12/2026
• Market: Spring Valley

BridgeCity Capital, represented by Louis Lebovits, Allan Lebovits, Moishe Loketch, and Pinny Loketch, is the lender involved in this transaction. The company is actively engaged in financing various project types, including mixed-use and residential developments, across the Tri-State Area, South Florida, and other regions.