Daily limit: 0/10
Zev Mayer Secures $9.9M Construction Loan In Williamsbridge, Bronx From Broadview Capital
FINANCED
$9,900,000
New York
See Similar DealsDevelopment Site
Financed 03/05/2024
FINANCED
Zev Mayer Secures $9.9M Construction Loan In Williamsbridge, Bronx From Broadview Capital
711 East 214th Street
See Similar DealsDevelopment Site
Financed 03/05/2024
Summary
NEW YORK
Asset Type:Development Site
Transaction Type:Loan
Located at 711 East 214th Street in Williamsbridge, Bronx, the development site is set for an 18-unit project with a buildable square footage of 12,192. Zev Mayer, the landlord, secured a $9.9 million construction loan from Lawrence Andelsman of Broadview Capital for this property.
Summary of transation details:
- Property Type: Development Site
- Transaction Amount: $9,900,000
- Market: Williamsbridge, Bronx
- Lender: Lawrence Andelsman - Broadview Capital
- Landlord: Zev Mayer
Zev Mayer, represented by 711 E LLC, successfully secured the substantial $9.9 million new construction loan from Broadview Capital. This financial agreement enables the development of the 18-unit project at 711 East 214th Street, marking a significant step in the property's transformation within the Williamsbridge area of the Bronx.
Players
LENDER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$9,900,000.00
Monthly NOI$66,000.00
Monthly Debt Service$62,574.73
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions