CounterPointe SRE Provides $20 Million Bridge Loan To The Abeco Organization For Mixed-use Asset
1 Putnam Avenue
$20,000,000
Building Size
—
Asset Type
Mixed-use
Closing
Dec 22, 2025
About this deal
AI
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.
On the Map
$20,000,000
Mixed-use
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Players
Brooklyn Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93