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Lin Family Secures $3,500,000 Construction Loan From Michael Tsor Of Broadview Funding For 15-Unit Multifamily In Brooklyn

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FINANCED
$3,500,000

New York

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MultiFamily
Financed 04/01/2026
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FINANCED

Lin Family Secures $3,500,000 Construction Loan From Michael Tsor Of Broadview Funding For 15-Unit Multifamily In Brooklyn

221 Bradford Street

See Similar Deals
MultiFamily
Financed 04/01/2026
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Summary

NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan

The property involved in this transaction is a MultiFamily asset located at 221 Bradford Street in the Brooklyn market. This asset consists of 15 units and has secured a construction loan amounting to $3,500,000 with terms set for a duration of 24 months.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $3,500,000
  • Loan Type: Construction
  • Loan Terms: 24 months
  • Lender: Michael Tsor - Broadview Funding
  • Landlord: Lin Family

The key individuals involved in this transaction include Michael Tsor, representing Broadview Funding, which specializes in construction, bridge, and DSCR loans across the Tri-State area and Florida. The Lin Family is noted as the landlord associated with the property.

Players

LENDER

Details

FINANCED
IMAGE: Michael Tsor DATE: 04/01/2026 ADDRESS: 221 Bradford Street MARKET: Brooklyn ASSET TYPE: MultiFamily ~ UNITS: 15 LENDER: Michael Tsor - Broadview Funding LANDLORD: Lin Family LOAN AMOUNT: $3,500,000 LOAN TYPE: Construction LOAN TERMS: 24 months NOTE FROM LENDER: Broadview Funding is a private debt fund specializing in construction, bridge, and DSCR loans across the Tri-State area and Florida up to 30m. If you have deals or questions reach out to Michael Tsor. [email protected] 516-344-7942

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$3,500,000.00

Monthly NOI$23,333.33
Monthly Debt Service$22,122.38
Change in Cash Flow$0.00
Refinance Proceeds$0.00