Segle Family Secures $4,255,000 Construction Loan From Michael Tsor Of Broadview Funding
347 Roselle Avenue & 821 West Broadway
$4,255,000
Building Size
—
Asset Type
Development Site
Closing
Apr 19, 2026
AI
The asset involved in this transaction is a development site located at 347 Roselle Avenue & 821 West Broadway within the Cedarhurst & Woodmere market. The loan amount secured for this transaction is $4,255,000, classified as a construction loan with terms of 24 months.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $4,255,000
- Lender: Michael Tsor - Broadview Funding
- Landlord: Segle Family
- Loan Type: Construction
- Loan Terms: 24 months
The key individuals involved in this transaction include Michael Tsor from Broadview Funding, a private debt fund specializing in construction, bridge, and DSCR loans across the Tri-State area and Florida, who facilitated the loan. For inquiries about deals or questions, Michael Tsor can be contacted directly via email at [email protected] or by phone at 516-344-7942.
Players
Cedarhurst 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
3.73%
Cash-on-Cash
-1.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93