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Louis Lebovits Of BridgeCity Capital Provides $83.2M Construction Loan For Monroe Multifamily Project

Property Image
FINANCED
$83,200,000

New York

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MultiFamily561,670 SF
Financed 01/21/2025
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Property Image
FINANCED

Louis Lebovits Of BridgeCity Capital Provides $83.2M Construction Loan For Monroe Multifamily Project

MultiFamily561,670 SF
Financed 01/21/2025
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$148
Total Square Footage:561,670 SF
Transaction Type:Loan

The asset is a multifamily property located at Acres Road in Monroe, featuring a total square footage of 561,670 and consisting of 256 units.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $83,200,000
  • Loan Amount: $83,200,000
  • Loan Type: Construction
  • Loan Terms: 24 months + extension options
  • LTC: 74%
  • Lender: Louis Lebovits - BridgeCity Capital

Louis Lebovits represents BridgeCity Capital, which is actively financing various projects including mixed-use, residential, industrial, and construction in the Tri-State Area, South Florida, and other states. Loan inquiries can be directed to Louis at [email protected].

Players

BridgeCity Capital
BridgeCity Capital
LENDER

Details

FINANCED
IMAGE: Louis Lebovits DATE: 01/21/2025 ADDRESS: Acres Road MARKET: Monroe ASSET TYPE: Multifamily ~ SF: 561,670 ~ UNITS: 256 LENDER: Louis Lebovits (@LebovitsLouis) - BridgeCity Capital LOAN AMOUNT: $83,200,000 LOAN TYPE: Construction LOAN TERMS: 24 months + extension options; LTC 74% 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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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$83,200,000.00

Monthly NOI$554,666.67
Monthly Debt Service$525,880.60
Change in Cash Flow$0.00
Refinance Proceeds$0.00