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Leeboy Group Secures $12 Million Construction Loan From Crowdfunz Capital For Development Site In Brooklyn

Property Image
FINANCED
$6,000,000

New York

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Development Site8,000 SF
Financed 08/29/2025
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Property Image
FINANCED

Leeboy Group Secures $12 Million Construction Loan From Crowdfunz Capital For Development Site In Brooklyn

6418 8th Avenue

See Similar Deals
Development Site8,000 SF
Financed 08/29/2025
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$750
Total Square Footage:8,000 SF
Transaction Type:Loan

The property asset involved in the transaction is a development site located at 6418 8th Avenue in Brooklyn. It has a building square footage of 49,200 and a total square footage of 8,000. The loan amount secured for this asset is $12,000,000, structured as a construction loan with a term of 3 years.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $12,000,000
  • Address: 6418 8th Avenue
  • Market: Brooklyn
  • Lender: Crowdfunz Capital LLC
  • Landlord: Leeboy Group
  • Lender's Attorney: Jing an - Altman & An LLP
  • Loan Type: Construction Loan
  • Loan Terms: 3 years

The key individuals and companies involved in this transaction include the lender Crowdfunz Capital LLC, represented by attorney Jing an from Altman & An LLP. The landlord is Leeboy Group, indicating the stakeholders involved in the development site financing.

Players

C
Crowdfunz
LENDER

Details

FINANCED
IMAGE: Johnny Zhang DATE: 8/29/2025 ADDRESS: 6418 8th Avenue MARKET: Brooklyn ASSET TYPE: Development Site ~ BSF: 49,200 ~ SF: 8,000 LENDER: Crowdfunz Capital LLC LANDLORD: Leeboy Group LENDER'S ATTORNEY: Jing an - Altman & An LLP LOAN AMOUNT: $12,000,000 LOAN TYPE: Construction Loan LOAN TERMS: 3 years

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$6,000,000.00

Monthly NOI$40,000.00
Monthly Debt Service$37,924.08
Change in Cash Flow$0.00
Refinance Proceeds$0.00