BridgeCity Capital Provides $80M Construction Loan For Development Site In Monroe

The asset involved in this transaction is a development site located at 63 Acres Rd. in Monroe, characterized by a building square footage of 459,471. The loan amount for this property is $80,000,000 and is classified as a construction loan with terms set for 2 years, including extension options. The loan to cost ratio is 75%.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $80,000,000
• Address: 63 Acres Rd.
• Market: Monroe
• Asset Type: Development Site
• Building Square Footage: 459,471
• Lender: BridgeCity Capital
• Key Individuals: Moishe Loketch, Louis Lebovits, Allan Lebovits, Pinny Loketch
• Loan Type: Construction
• Loan Terms: 2-years + extension options
• LTC: 75%

BridgeCity Capital, represented by Moishe Loketch, Louis Lebovits, Allan Lebovits, and Pinny Loketch, is focusing on financing mixed-use, residential, industrial, and construction projects across the Tri-State Area, South Florida, and various other states.