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347 Roselle Avenue

Segle Family Secures $4,255,000 Construction Loan From Michael Tsor Of Broadview Funding
FINANCEDDevelopment Site

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

Broadview Funding
Broadview FundingLender

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