Invictus Real Estate Partners Provides $62.25M Construction Loan For Mixed-Use Property In Brooklyn
1730 Bedford Ave Brooklyn, NY 11225, USA
$62,250,000
Building Size
—
Asset Type
Mixed-use
Closing
Jul 3, 2023
About this deal
AI
The property located at 1730 Bedford Avenue in Brooklyn has undergone a significant loan transaction. The asset, which is a mixed-use property, has been involved in a construction loan deal.
Summary of transaction details
- Property Type: Mixed-Use
- Loan Amount: $62,250,000
- Date: 07/03/2023
- Address: 1730 Bedford Avenue
- Market: Brooklyn
Invictus Real Estate Partners has acted as the lender in this major transaction. Seventh Street Development Group, represented by Jack Gold and Rivkah Sontag-Tepler, serves as the landlord in this deal. The brokers involved in this transaction are Abraham Bergman and Yossi Orzel from Eastern Union Funding.
On the Map
$62,250,000
Mixed-use
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Players
New York 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
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93