FINANCED
BridgeCity Capital Provides $8.25M Bridge Loan For Bronx Multifamily
1821 Prospect Avenue
MultiFamily
17,127 SF
17,127 SF
Financed 51 days ago
Summary
Loan
NEW YORK
MultiFamily
17,127 sqft
The property located at 1821 Prospect Avenue in Bronx is a multifamily asset spanning 17,127 square feet with a total of 33 units. Allan Lebovits & Louis Lebovits from BridgeCity Capital provided a loan amount of $8,250,000 for this property with 12 months loan terms and an LTV of 70%.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $8,250,000
- Market: Bronx
- Lender: Allan Lebovits & Louis Lebovits - BridgeCity Capital
- Loan Type: Bridge
- Loan Terms: 12 months; LTV 70%
BridgeCity Capital, headed by Allan Lebovits and Louis Lebovits, is actively financing various projects in the Tri-State Area, South Florida, and other states. For loan inquiries, contact [email protected] or visit www.bridgecityfunding.com
Players
All
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Lenders
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Details
FINANCED
IMAGE: Allan Lebovits, Louis Lebovits, Pinny Loketch & Moishe Loketch
DATE: 03/18/2024
ADDRESS: 1821 Prospect Avenue
MARKET: Bronx
ASSET TYPE: Multifamily ~ SF: 17,127 ~ UNITS: 33
LENDER: Allan Lebovits & Louis Lebovits (@LebovitsLouis) - BridgeCity Capital (@BridgeCityFunding)
LOAN AMOUNT: $8,250,000
LOAN TYPE: Bridge
LOAN TERMS: 12 months; LTV 70%
NOTE FROM LENDER: BridgeCity Capital is actively financing mixed-use, residential, industrial, and construction projects in the Tri-State Area, South Florida, and various other states. Visit us at www.bridgecityfunding.com or send loan inquiries to [email protected]View on map
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Address1821 Prospect Avenue
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