Erez Abikzer Secures $1.2M Construction Loan For Multifamily Property In Queens

The property involved in this transaction is a multifamily asset located at 140-27 247th Street & 145-03 123rd Avenue in the Queens market, comprising 2 units. The loan amount secured for this property is $1,200,000 under a construction loan type with a term of 12 months.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,200,000
• Loan Type: Construction
• Loan Terms: 12 months
• Lender: Michael Tsor - Broadview Funding
• Landlord: Erez Abikzer
• Lender's Note: TOE Bridge loan closed in 7 days 90 LTV+ Construction. Broadview Funding is a private debt fund providing Bridge & 30 Year DSCR loans in the Tri-State Area & Florida.

Michael Tsor, representing Broadview Funding, facilitated the loan, ensuring a rapid closing within seven days. The transaction reflects the strategic lending capabilities of Broadview Funding in the regional market.