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FINANCED

BridgeCity Capital Provides $12.4M Construction Loan For Williamsburg Development Site

310 north 7th street

Development Site
6,600 SF
clock iconFinanced 1 year ago
Louis Lebovits
Moishe Loketch
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Summary

Loan
NEW YORK
Development Site
6,600 sqft

A development site located at 310 North 7th Street in Williamsburg, Brooklyn has recently undergone a loan transaction. The property, spanning a buildable square footage (BSF) of 13,788, has secured a construction loan.

Summary of transaction details

  • Property Type: Development Site
  • Loan Amount: $12,400,000
  • Loan Type: Construction
  • Loan Terms: 24 months + extension options; LTC 77%

The lender for this project is BridgeCity Capital, represented by Louis Lebovits, Moishe Loketch, Pinny Loketch, and Allan Lebovits. They actively finance mixed-use, residential, industrial, and construction projects in the Tri-State Area, South Florida, and various other states. For loan inquiries, interested parties can visit their website at www.bridgecityfunding.com or contact them via email at [email protected].

Players

  • All

    3

  • Agents

    2

  • Lenders

    1

Louis Lebovits's profile picture
Louis Lebovits
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COO & General Counsel
$2.9M Sold

Details

Deal Summary
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FINANCED
IMAGE: Moishe Loketch, Louis Lebovits, Allan Lebovits & Pinny Loketch DATE: 09/23/2022 ADDRESS: 310 North 7th Street MARKET: Williamsburg, Brooklyn ASSET TYPE: Development Site ~ BSF: 13,788 LENDER: BridgeCity Capital - Louis Lebovits, Moishe Loketch, Pinny Loketch & Allan Lebovits LOAN AMOUNT: $12,400,000 LOAN TYPE: Construction LOAN TERMS: 24 months + extension options; LTC 77% NOTE FROM LENDER: BridgeCity Capital is actively financing mixed-use, residential, industrial & construction projects in the Tri-State Area, South Florida & in various other states. Visit us at www.bridgecityfunding.com or send loan inquires to [email protected]

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Address310 north 7th street

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