CounterPointe SRE Provides $20 Million Bridge Loan To The Abeco Organization For Mixed-use Asset
FINANCED
$20,000,000
New York
See Similar DealsMixed-use
Financed
FINANCED
CounterPointe SRE Provides $20 Million Bridge Loan To The Abeco Organization For Mixed-use Asset
1 Putnam Avenue
See Similar DealsMixed-use
Financed
Summary
NEW YORK
Asset Type:Mixed-use
Transaction Type:Loan
The asset involved in this transaction is a mixed-use property located at 1 Putnam Avenue in Brooklyn. The loan amount secured for this asset is $20,000,000, categorized as a bridge loan with a term of 3 years.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $20,000,000
- Lender: CounterPointe SRE
- Landlord: The Abeco Organization
- Landlord's Representative: Morris Betesh & Morris Dabbah - Arrow Real Estate Advisors
- Loan Type: Bridge
- Loan Term: 3 Years
- Date: 12/23/2025
Key individuals involved in the transaction include Morris Betesh and Morris Dabbah, representing the landlord, The Abeco Organization, through Arrow Real Estate Advisors. The lender for this property is CounterPointe SRE, facilitating the financial aspect of this mixed-use asset deal.
Players
BROKERAGE
LANDLORD
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$20,000,000.00
Monthly NOI$133,333.33
Monthly Debt Service$126,413.60
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions