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962 Pacific Street

Maxim Capital Group Provides $30 Million Loan For Development Site In Brooklyn
FINANCEDDevelopment Site

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

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.

Players

Maxim Capital Group
Maxim Capital GroupLender

Adam Glick

Maxim Capital Group

Originator

$1B

vol

27 deals

Originator

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