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Investmates Receives $81 Million Construction Loan From Shawn Safdie For Development Site In Brooklyn

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FINANCED
$81,000,000

New York

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Development Site117,000 SF
Financed 10/29/2025
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Property Image
FINANCED

Investmates Receives $81 Million Construction Loan From Shawn Safdie For Development Site In Brooklyn

29 Clay Street

See Similar Deals
Development Site117,000 SF
Financed 10/29/2025
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Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$692
Total Square Footage:117,000 SF
Transaction Type:Loan

A development site located at 29 Clay Street in Brooklyn has been involved in a loan transaction. The property features a total building size of 117,000 square feet and is categorized under the asset type of development site.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $81,000,000
  • Lender: Shawn Safdie
  • Landlord: Investmates - Koby Telyas & Idan Shitrit
  • Attorney: Simon Malinowski, Esq.
  • Loan Type: Construction
  • Loan Terms: 2 years

The individuals involved in the transaction include the lenders and representatives of the landlord. Koby Telyas and Idan Shitrit represent Investmates in this deal, highlighting their role as key stakeholders. The legal representation for this transaction is provided by attorney Simon Malinowski, Esq.

Players

80 deals$1.8B volume
LENDER

Koby Telyas
8 deals$183.6M volume
LANDLORD

LANDLORD

Details

FINANCED
IMAGE: Koby Telyas & Idan Shitrit DATE: 10/29/2025 ADDRESS: 29 Clay Street MARKET: Brooklyn ASSET TYPE: Development Site ~ BSF: 117,000 ~ SF: 117,000 LENDER: Shawn Safdie LANDLORD: Investmates (@Investmates) - Koby Telyas (@KobyTalyas) & Idan Shitrit (@IdaNewYork) ATTORNEY: Simon Malinowski, Esq. LOAN AMOUNT: $81,000,000 LOAN TYPE: Construction LOAN TERMS: 2 years

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$81,000,000.00

Monthly NOI$540,000.00
Monthly Debt Service$511,975.10
Change in Cash Flow$0.00
Refinance Proceeds$0.00