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Swift Capital Provides $3 Million Acquisition Loan For Condo Conversion Project In Greenpoint Brooklyn

Property Image
FINANCED
$3,000,000

New York

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MultiFamily1,586 SF
Financed 01/08/2026
the dealplayerscompscontact
Property Image
FINANCED

Swift Capital Provides $3 Million Acquisition Loan For Condo Conversion Project In Greenpoint Brooklyn

MultiFamily1,586 SF
Financed 01/08/2026
the dealplayerscompscontact
Contact now

Summary

Asset Type:MultiFamily
Price Per Square Foot:$1,891
Total Square Footage:1,586 SF
Transaction Type:Loan

The asset involved in this transaction is a condo conversion located in Greenpoint, Brooklyn. The total square footage of the property is 1,586, and it consists of 2 units. The project received a loan amount of $3,000,000 for acquisition and construction financing.

Summary of transation details:

  • Property Type: Condo Conversion
  • Transaction Amount: $3,000,000
  • Loan Type: Acquisition
  • Loan Terms: 18 Months
  • Lender: Swift Capital
  • Market: Brooklyn
  • Units: 2
  • Note: The borrower positioned the project for a projected return of 154.28% ROI.

The deal was facilitated by Guy Shmuel from Swift Capital, who played a key role in funding this complex project. Swift Capital LLC completed the closing in just 14 days, showcasing their capacity to manage large-scale value-add enhancements efficiently.

Players

Swift Capital
Swift Capital
LENDER

Details

FINANCED
IMAGE: Guy Shmuel DATE: 1/9/2026 MARKET: Brooklyn ASSET TYPE: Condo Conversion ~ SF: 1,586 ~ UNITS: 2 LENDER: Swift Capital (@SwiftCapitalLLC) LOAN AMOUNT: $3,000,000 LOAN TYPE: Acquisition LOAN TERMS: 18 Months NOTE FROM LENDER: Swift Capital LLC recently funded a complex condo conversion project in Greenpoint, Brooklyn closing in just 14 days on a highly structured acquisition and renovation transaction. The borrower secured both acquisition and full construction financing, positioning the project for an exceptional projected return of 154.28% ROI. This deal highlights Swift Capital’s ability to execute large-scale value-add projects with speed, precision, and investor-focused structuring. If you or your client are working on a value-add or development opportunity and need a lender who can execute without friction, contact: Guy Shmuel [email protected] (516) 399-4044 @SwiftCapitalLLC @G_Gadi

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$3,000,000.00

Monthly NOI$20,000.00
Monthly Debt Service$18,962.04
Change in Cash Flow$0.00
Refinance Proceeds$0.00