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BridgeCity Capital Provides $23.5M Loan For Brooklyn Property With Landlord Yoel Goldman And Broker Elya Kahn

Property Image
FINANCED
$23,500,000
Louis Lebovits
EK
YG

New York

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MultiFamily70,000 SF
Financed 09/27/2019
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Property Image
FINANCED

BridgeCity Capital Provides $23.5M Loan For Brooklyn Property With Landlord Yoel Goldman And Broker Elya Kahn

263 Skillman Street, Brooklyn, NY 11205, USA

See Similar Deals
MultiFamily70,000 SF
Financed 09/27/2019
Louis Lebovits
EK
YG
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$335
Total Square Footage:70,000 SF
Transaction Type:Loan

BridgeCity Capital has provided a loan of $23,500,000 to Yoel Goldman for the property located at 1010 Bedford & 263 Skillman in Brooklyn. The loan has a term of 18 months, with a possible 6-month extension. The property consists of 40 residential units and a commercial space, totaling 70,000 square feet. Elya Kahn from Greenrock Funding represented Goldman as the broker in this deal.

Summary of transation details

  • Property Type: Mixed-use (Residential and commercial)
  • Transaction Amount: $23,500,000
  • Address: 1010 Bedford & 263 Skillman, Brooklyn
  • Square Footage: 70,000
  • Units: 40 residential units + commercial space
  • Lender: BridgeCity Capital
  • Landlord: Yoel Goldman
  • Broker: Elya Kahn - Greenrock Funding

The loan transaction involved Pinny Loketch, Allan Lebovits, Moishe Loketch, and Louis Lebovits, as seen in the Instagram post provided. They were not mentioned in the first paragraph and are presumably involved in the ownership or management of the property.

Players

Louis Lebovits
BridgeCity Capital
Louis Lebovits
48 deals$1.3B volume(718) 924-2838
BROKER
EK
Greenrock Funding
Elya Kahn
12 deals$243.1M volume(718) 599-0519
BROKER
YG
Yoel Goldman
8 deals$473.8M volume
BROKER
BridgeCity Capital
BridgeCity Capital
LENDER
YG
Yoel Goldman
8 deals$473.8M volume
LANDLORD
YG
Yoel Goldman
8 deals$473.8M volume
LANDLORD

Details

FINANCED
IMAGE: Pinny Loketch, Allan Lebovits, Moishe Loketch, Louis Lebovits DATE: 09/27/2019 ADDRESS: 1010 Bedford & 263 Skillman MARKET: Brooklyn ASSET TYPE: LENDER: BridgeCity Capital LANDLORD: Yoel Goldman BROKERS: Elya Kahn - Greenrock Funding LOAN AMOUNT: $23,500,000 SF: 70,000 UNITS: 40 + Commercial space TERMS: 18 months plus 6 month EXT

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$23,500,000.00

Monthly NOI$156,666.67
Monthly Debt Service$148,535.99
Change in Cash Flow$0.00
Refinance Proceeds$0.00