Updated Jul 23, 2026
Jeremy Levart Of Oak Funding & Adam Ehrenreich Of OakNorth Bank Provide $15,500,000 Acquisition Loan For Development Site In Brooklyn
21 Wythe Avenue
$15,500,000
Building Size
—
Asset Type
Development Site
Closing
Jul 8, 2026
About this deal
AI
The asset involved in this transaction is a development site located at 21 Wythe Avenue in Brooklyn. The loan provided for this development site amounted to $15,500,000 and is classified as an acquisition loan.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $15,500,000
- Lender: Jeremy Levart - Oak Funding
- Lender: Adam Ehrenreich - OakNorth Bank
- Loan Type: Acquisition
This transaction features notable individuals from the lending institutions involved. Jeremy Levart represents Oak Funding, while Adam Ehrenreich is affiliated with OakNorth Bank, both of whom played significant roles in securing the financing for this acquisition loan.
On the Map
$15,500,000
Development Site
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Players
Brooklyn Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.02%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93