Louis Lebovits Of BridgeCity Capital Provides $21 Million Loan For Mixed-use Property In Greenpoint Brooklyn
$21,000,000
Building Size
—
Asset Type
Mixed-use
Closing
May 19, 2026
AI
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].
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
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93