Moishe Loketch & Allan Lebovits Secure $25.6 Million Construction Loan From ICross Capital
158 South Oxford Street
$25,600,000
$1,115/SF
Building Size
22,947 SF
Asset Type
Development Site
Closing
Jun 4, 2026
AI
The asset involved in this transaction is a development site located at 158 South Oxford Street in Brooklyn, with a square footage of 22,947. The total loan amount is $25,600,000, structured as $22.6 million in senior construction and $3 million in mezzanine financing.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $25,600,000
- Lender: iCross Capital
- Borrower: Moishe Loketch & Allan Lebovits
- Broker: Morris Betesh - Arrow Real Estate Advisors
- Loan Type: Construction
- Market: Brooklyn
- Address: 158 South Oxford Street
- Asset Square Footage: 22,947
The deal features key individuals including Moishe Loketch and Allan Lebovits as the borrowers leveraging the loan for construction purposes. The transaction was facilitated by Morris Betesh, representing the broker agency Arrow Real Estate Advisors.
Players
Brooklyn Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
Loading comparables…
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