Elijah Zuckerman, Charlie Brosens & Bean Of Urban Standard Capital Provides $15M Loan For Development Site In Brooklyn
FINANCED
$15,000,000
New York
See Similar DealsDevelopment Site
Financed 02/26/2026
FINANCED
Elijah Zuckerman, Charlie Brosens & Bean Of Urban Standard Capital Provides $15M Loan For Development Site In Brooklyn
820 Bergen Street
See Similar DealsDevelopment Site
Financed 02/26/2026
Summary
NEW YORK
Asset Type:Development Site
Transaction Type:Loan
The asset involved in this transaction is a development site located at 820 Bergen Street in the Brooklyn market. The loan amount for this project totals $15,000,000, categorized as a construction loan.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $15,000,000
- Lender: Elijah Zuckerman, Charlie Brosens & Bean - Urban Standard Capital
- Broker: Alex Leykind - Equitas Capital Group
- Loan Type: Construction
The deal features key individuals including lenders Elijah Zuckerman, Charlie Brosens, and Bean from Urban Standard Capital, who provide tailored financing solutions for residential projects nationwide. The transaction was facilitated by broker Alex Leykind representing Equitas Capital Group.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$15,000,000.00
Monthly NOI$100,000.00
Monthly Debt Service$94,810.20
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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