Louis Lebovits Of BridgeCity Capital Provides $11,300,000 Construction Loan For Mixed-Use Property In Brooklyn
$11,300,000
Building Size
—
Asset Type
Mixed-use
Closing
Mar 25, 2026
AI
The asset is a mixed-use property located in Brooklyn comprising 5 units. It secured a construction loan for $11,300,000, with a loan term of 24 months plus extension options and a loan-to-cost ratio of 75%.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $11,300,000
- Loan Type: Construction
- Loan Terms: 24 months + extension options
- LTC: 75%
- Lender: Louis Lebovits - BridgeCity Capital
The financing is being provided by Louis Lebovits from BridgeCity Capital, which is actively funding various projects, including mixed-use, residential, industrial, and construction initiatives in the Tri-State Area, South Florida, and other states. Loan inquiries can be directed to [email protected].
Players
Market 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
1.40%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93