Updated Aug 31, 2026
Pilk Family Secures $3,555,000 Construction Loan From Michael Tsor Of Broadview Funding For Development Site
9318 Avenue D
$3,555,000
Building Size
—
Asset Type
Development Site
Closing
Aug 3, 2026
About this deal
AI
The asset involved in this transaction is a development site located at 9318 Avenue D in Brooklyn. The loan amount for this project is $3,555,000 with a construction loan type and a term of 24 months.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $3,555,000
- Lender: Michael Tsor - Broadview Funding
- Borrower: Pilk Family
- Loan Type: Construction
- Loan Terms: 24 months
The key individuals in this transaction include Michael Tsor, who represents Broadview Funding, a private debt fund that specializes in construction and bridge loans across the Tri-State area and Florida. The borrower, Pilk Family, is looking to utilize the loan for their development project.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.46%
Cash-on-Cash
-1.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93