BridgeCity Capital Provides $9M Construction Loan In Williamsburg, Brooklyn | BridgeCity Capital Provides $9M Construction Loan In Williamsburg, Brooklyn | BridgeCity Capital | MultiFamily | Loan

Summary

Loan

NEW YORK

MultiFamily

12,051 sqft

The multifamily property located in Williamsburg, Brooklyn spans 12,051 square feet and comprises 17 units. The loan for this asset was facilitated by Louis Lebovits and Moishe Loketch from BridgeCity Capital.

Summary of transaction details:

Property Type: Multifamily
Transaction Amount: $9,000,000
Asset Type: Multifamily
Square Footage: 12,051
Units: 17
Lender: Louis Lebovits & Moishe Loketch - BridgeCity Capital
Loan Type: Construction
Loan Terms: 18 months + extension options; LTC 72%

BridgeCity Capital, the lender in this transaction, is actively financing various projects in the Tri-State Area, South Florida, and other states. For loan inquiries, contact Louis Lebovits at [email protected] or visit their website www.bridgecityfunding.com.

Players

All
1

Lenders
1

BridgeCity Capital

Details

Deal Summary

FINANCED

IMAGE: Louis Lebovits, & Moishe Loketch DATE: 04/15/2024 MARKET: Williamsburg, Brooklyn ASSET TYPE: Multifamily ~ SF: 12,051 ~ UNITS: 17 LENDER: Louis Lebovits (@LebovitsLouis) & Moishe Loketch - BridgeCity Capital (@BridgeCityFunding) LOAN AMOUNT: $9,000,000 LOAN TYPE: Construction LOAN TERMS: 18 months + extension options; LTC 72% NOTE FROM LENDER: BridgeCity Capital is actively financing mixed-use, residential, industrial and construction projects in the Tri-State Area, South Florida and in various other states. Visit us at www.bridgecityfunding.com or send loan inquires to [email protected]

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AddressBridgeCity Capital Provides $9M Construction Loan In Williamsburg, Brooklyn

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