Updated Aug 5, 2025
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
About this deal
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.
On the Map
$10,000,000
Development Site
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Players
Bloomingburg Development Site Market Snapshot
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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