Louis Lebovits Of BridgeCity Capital Provides $11,300,000 Construction Loan For Mixed-Use Property In Brooklyn
FINANCED
$11,300,000
New York
See Similar DealsMixed-use
Financed 03/25/2026
FINANCED
Louis Lebovits Of BridgeCity Capital Provides $11,300,000 Construction Loan For Mixed-Use Property In Brooklyn
Mixed-use
Financed 03/25/2026
Summary
Asset Type:Mixed-use
Transaction Type:Loan
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].
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$11,300,000.00
Monthly NOI$75,333.33
Monthly Debt Service$71,423.69
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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