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Integritas Capital Provides $63 Million Construction Loan For Multifamily Asset At 67-75 4th Avenue

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FINANCED
$63,000,000

New York

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MultiFamily120,000 SF
Financed 09/18/2025
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Property Image
FINANCED

Integritas Capital Provides $63 Million Construction Loan For Multifamily Asset At 67-75 4th Avenue

67 75 4th Avenue

See Similar Deals
MultiFamily120,000 SF
Financed 09/18/2025
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$525
Total Square Footage:120,000 SF
Transaction Type:Loan

The property asset involved in the transaction is a multifamily building located at 67-75 4th Avenue in Brooklyn. The total square footage of the asset is 120,000 square feet, and it is financed through a construction loan amounting to $63,000,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $63,000,000
  • Address: 67-75 4th Avenue
  • Market: Brooklyn
  • Asset Size: 120,000 SF
  • Lender: Integritas Capital
  • Landlord: Adir Cohen - Renaissance Realty Group; Shimon Kleinman - Borough Developers; & Meir D. Tabak - Watermark Capital
  • Loan Type: Construction

This transaction involves key individuals and entities, notably Adir Cohen from Renaissance Realty Group, Shimon Kleinman from Borough Developers, and Meir D. Tabak from Watermark Capital, who are collectively recognized as the landlords in this deal.

Players

LENDER

Details

FINANCED
IMAGE: Stephen Palmese DATE: 9/18/2025 ADDRESS: 67-75 4th Avenue MARKET: Brooklyn ASSET TYPE: Multifamily ~ SF: 120,000 LENDER: Integritas Capital LANDLORD: Adir Cohen - Renaissance Realty Group; Shimon Kleinman - Borough Developers; & Meir D. Tabak - Watermark Capital LOAN AMOUNT: $63,000,000 LOAN TYPE: Construction

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$63,000,000.00

Monthly NOI$420,000.00
Monthly Debt Service$398,202.85
Change in Cash Flow$0.00
Refinance Proceeds$0.00