Invictus Real Estate Partners Provides $62.25M Construction Loan For Mixed-Use Property In Brooklyn
FINANCED
$62,250,000
New York
See Similar DealsMixed-use
Financed 07/03/2023
FINANCED
Invictus Real Estate Partners Provides $62.25M Construction Loan For Mixed-Use Property In Brooklyn
1730 Bedford Ave Brooklyn, NY 11225, USA
See Similar DealsMixed-use
Financed 07/03/2023
Summary
NEW YORK
Asset Type:Mixed-use
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$62,250,000.00
Monthly NOI$415,000.00
Monthly Debt Service$393,462.34
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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