Erez Britt & Haim Dadi Of Golden Bridge Funding Provide $9 Million Loan For Development Site In Brooklyn
FINANCED
$9,000,000
New York
See Similar DealsDevelopment Site
Financed 09/11/2025
FINANCED
Erez Britt & Haim Dadi Of Golden Bridge Funding Provide $9 Million Loan For Development Site In Brooklyn
486 Flushing Avenue
See Similar DealsDevelopment Site
Financed 09/11/2025
Summary
NEW YORK
Asset Type:Development Site
Transaction Type:Loan
The asset involved in this transaction is a development site located at 486 Flushing Avenue in Brooklyn. The loan amount for this property is $9,000,000, structured as a construction loan.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $9,000,000
- Lender: Erez Britt & Haim Dadi - Golden Bridge Funding
- Landlord: Isaschar Goldstein
- Broker: Jacob Zicherman
- Loan Date: 9/12/2025
Key individuals in this transaction include Erez Britt and Haim Dadi, who represent Golden Bridge Funding in the lending aspect, while Jacob Zicherman acts as the broker facilitating the deal. Isaschar Goldstein is the landlord associated with this loan agreement.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$9,000,000.00
Monthly NOI$60,000.00
Monthly Debt Service$56,886.12
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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