Updated May 21, 2026
Maxim Capital Group Provides $30 Million Loan For Development Site In Brooklyn
962 Pacific Street
$30,000,000
Building Size
—
Asset Type
Development Site
Closing
Apr 16, 2026
About this deal
AI
The property involved in this transaction is a development site located at 962 Pacific Street and 863 Dean Street in the Brooklyn market. The acquisition loan for this asset amounts to $30,000,000.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $30,000,000
- Lender: Maxim Capital Group
- Lender's Representatives: Jason Bordenick, Joey Dinetz, Adam Glick
- Landlord: Avery Hall
- Landlord's Representatives: Avi Fisher, Brian Ezra
- Additional Landlord: The Brodsky Organization
This transaction includes key representatives, with Jason Bordenick, Joey Dinetz, and Adam Glick representing the lender, Maxim Capital Group. The landlords, Avery Hall, represented by Avi Fisher and Brian Ezra, along with The Brodsky Organization, are also prominently involved in this deal.
On the Map
$30,000,000
Development Site
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Players
Brooklyn Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93