Segle Family Secures $4,255,000 Construction Loan From Michael Tsor Of Broadview Funding
FINANCED
$4,255,000
New York
See Similar DealsDevelopment Site
Financed 04/20/2026
FINANCED
Segle Family Secures $4,255,000 Construction Loan From Michael Tsor Of Broadview Funding
347 Roselle Avenue & 821 West Broadway
See Similar DealsDevelopment Site
Financed 04/20/2026
Summary
NEW YORK
Asset Type:Development Site
Transaction Type:Loan
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
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,255,000.00
Monthly NOI$28,366.67
Monthly Debt Service$26,894.49
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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