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BridgeCity Capital Provides $4.3M Construction Loan For Williamsbridge Multifamily Property
FINANCED

BridgeCity Capital Provides $4.3M Construction Loan For Williamsbridge Multifamily Property

BridgeCity Capital Provides $4.3M Construction Loan For Williamsbridge Multifamily Property

MultiFamily
7,970 SF
clock iconFinanced 45 days ago
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Summary

Loan
NEW YORK
MultiFamily
7,970 sqft

The multifamily property located in Williamsbridge, Bronx spans 7,970 square feet and consists of 17 units. The property's loan of $4,300,000 was provided by BridgeCity Capital for a construction project, with loan terms set at 12 months and an LTV of 65%.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,300,000
  • Market: Williamsbridge, Bronx
  • Lender: BridgeCity Capital - Allan Lebovits, Louis Lebovits, Pinny Loketch & Moishe Loketch
  • Loan Type: Construction Loan
  • Loan Terms: 12 months; LTV 65%

BridgeCity Capital, the lender for this project, is actively involved in financing mixed-use, residential, industrial, and construction projects in the Tri-State Area, South Florida, and other states. Loan inquiries can be directed to [email protected].

Details

Deal Summary
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FINANCED
IMAGE: Allan Lebovits, Louis Lebovits, Pinny Loketch & Moishe Loketch DATE: 06/05/2024 MARKET: Williamsbridge, Bronx ASSET TYPE: Multifamily ~ SF: 7,970 ~ UNITS: 17 LENDER: BridgeCity Capital (@BridgeCityFunding) - Allan Lebovits, Louis Lebovits (@LebovitsLouis), Pinny Loketch & Moishe Loketch LOAN AMOUNT: $4,300,000 LOAN TYPE: Construction Loan LOAN TERMS: 12 months; LTV 65% 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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