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Avi Ben Hamo Secures $3.4M Land Loan From Bayport Funding For Development Site In Brooklyn
FINANCED
$3,400,000
New York
See Similar DealsDevelopment Site
Financed 01/16/2026
FINANCED
Avi Ben Hamo Secures $3.4M Land Loan From Bayport Funding For Development Site In Brooklyn
181 Monroe Street
See Similar DealsDevelopment Site
Financed 01/16/2026
Summary
NEW YORK
Asset Type:Development Site
Transaction Type:Loan
A development site located at 181 Monroe Street in Bedford Stuyvesant, Brooklyn, has been secured with a land loan. The asset encompasses a building square footage of 5,000 and falls within a dynamic market area.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $3,400,000
- Lender: Bayport Funding
- Landlord: Avi Ben Hamo
The loan facilitates Avi Ben Hamo's development plans through 181 Monroe Ave LLC, marking a significant financing move in the real estate sector.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,400,000.00
Monthly NOI$22,666.67
Monthly Debt Service$21,490.31
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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