Equitas Capital Group Secures $8.5M Loan For Development Site In Midwood, Brooklyn

A development site located at 815 Kings Highway in Midwood, Brooklyn has been involved in a closed transaction. The property is a development site with a buildable square footage (BSF) of 100,000. The deal was facilitated by brokers Alex Leykind and Michael Fey from Equitas Capital Group, along with Slavik Yuniver from Sinayskaya Yuniver P.C.

Summary of Transaction Details:

• Property Type: Development Site
• Transaction Amount: $8,500,000
• Address: 815 Kings Highway
• Market: Midwood, Brooklyn
• Brokers: Alex Leykind, Michael Fey - Equitas Capital Group and Slavik Yuniver - Sinayskaya Yuniver P.C.
• Loan Terms: Term of 18 months + 1 (6 Month Extension), Interest Only Amortization, 3 Months Pre-Payment Penalty, LTV of 70%, and a 2-week closing time frame

Equitas Capital Group, the loan provider, specializes in offering tailored solutions for commercial real estate financing needs. They prioritize building strong relationships with their clients and take the time to understand their unique requirements and challenges.

If you are in need of financing for your next commercial property, you can contact Equitas Capital Group at 646-637-7510.