This transaction involves a multifamily asset located in Brooklyn, featuring a total of 27 units, which includes 25 residential condominiums, 1 commercial unit, and 1 community facility, complemented by high-end amenities. The building has a total base square footage of 53,975 and has secured a construction loan.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $39,750,000
• Lender: Louis Lebovits - BridgeCity Capital
• Loan Type: Construction
• Loan Terms: 24 months + extension options
• Loan-to-Cost (LTC): 80%
• Market: Brooklyn

Louis Lebovits from BridgeCity Capital facilitated the financing of this mixed-use property, highlighting the lender's active involvement in supporting various projects across the Tri-State Area, South Florida, and other states. Additionally, inquiries for similar financing can be directed to Louis at the provided email address.