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Winterton Road

Tzvi Balsam Of The Leopard Group Secures $10 Million Refinance Loan For Development Site In Bloomingburg
FINANCEDDevelopment Site

Tzvi Balsam Of The Leopard Group Secures $10 Million Refinance Loan For Development Site In Bloomingburg

Winterton Road

$10,000,000

Building Size

Asset Type

Development Site

Closing

Jul 28, 2025

AI

The asset involved in this transaction is a development site located at 41 Winterton Road, Bloomingburg, NY. The loan amount secured for this property is $10,000,000, which is a refinance type of loan.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $10,000,000
  • Loan Type: Refinance
  • Broker: Tzvi Balsam - The Leopard Group
  • Date of Transaction: 7/29/2025

The transaction was facilitated by Tzvi Balsam, representing the interests involved in the refinance of the property. The Leopard Group is the agency associated with this transaction, providing brokerage services throughout the deal.

Players

Tzvi Balsam

The Leopard Group

Broker

$33.6M

vol

6 deals

Broker
The Leopard Group
The Leopard GroupBrokerage

Bloomingburg 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

1.59%

Cash-on-Cash

-0.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93