BridgeCity Capital Provides $25.2 Million Loan For Mixed-Use Property In Tribeca

The asset involved in this transaction is a mixed-use property located in Tribeca, Manhattan, comprising 39 condominium units as well as retail space. The loan amount for this acquisition is set at $25,200,000, with a loan term of 12 months and the option for extensions, featuring an LTV of 84%.

Summary of transaction details:

• Property Type: Mixed-use (39 Condominium Units & Retail Space)
• Transaction Amount: $25,200,000
• Market: Tribeca, Manhattan
• Lender: Louis Lebovits, Allan Lebovits, Moishe Loketch & Pinny Loketch - BridgeCity Capital
• Loan Type: Acquisition
• Loan Terms: 12 months + extension options; LTV 84%

The financing for this transaction is provided by BridgeCity Capital, which is involved in funding mixed-use, residential, industrial, and construction projects across the Tri-State Area, South Florida, and various other states. For inquiries, individuals can contact Louis Lebovits directly at [email protected].