Jake Soodek And Igor Vaysberg Of Hirshmark Capital Provide $6.9M Bridge Loan For Development Site In Brooklyn
FINANCED
$6,900,000
New York
See Similar DealsDevelopment Site
Financed 08/29/2025
FINANCED
Jake Soodek And Igor Vaysberg Of Hirshmark Capital Provide $6.9M Bridge Loan For Development Site In Brooklyn
1667 Sheepshead Bay Road & 2510 Coney Island Avenue
See Similar DealsDevelopment Site
Financed 08/29/2025
Summary
NEW YORK
Asset Type:Development Site
Transaction Type:Loan
The asset involved in the transaction is a development site located at 1667 Sheepshead Bay Road and 2510 Coney Island Avenue in Brooklyn. The loan amount secured for this property is $6,900,000 under a bridge loan type.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $6,900,000
- Lender: Jake Soodek & Igor Vaysberg - Hirshmark Capital
- Landlord: Yelena Vaynshteyn
- Landlord's Representative: Michael Fey & Alex Leykind - Equitas Capital Group
- Date of transaction: 8/29/2025
The key individuals and companies involved in this deal include lenders Jake Soodek and Igor Vaysberg, representing Hirshmark Capital, and landlord Yelena Vaynshteyn, with Michael Fey and Alex Leykind serving as the landlord's representatives from Equitas Capital Group.
Players
LENDER
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$6,900,000.00
Monthly NOI$46,000.00
Monthly Debt Service$43,612.69
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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