The transaction involves a mixed-use asset located in Greenpoint, Brooklyn, comprising a total of 99 units. The loan amount secured for this acquisition is $21,000,000, with financing arranged by BridgeCity Capital, specializing in various projects including mixed-use developments. The terms of the loan include a 12-month duration with extension options, and the loan-to-value ratio stands at 80%.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $21,000,000
• Market: Greenpoint, Brooklyn
• Lender: Louis Lebovits - BridgeCity Capital
• Loan Type: Acquisition
• Loan Terms: 12 months + extension options
• LTV: 80%
• Units: 99

Louis Lebovits, representing BridgeCity Capital, is actively financing projects in the Tri-State Area, South Florida, and various other states, emphasizing their focus on mixed-use, residential, industrial, and construction projects. Loan inquiries can be directed to [email protected].