Updated Mar 24, 2026
Jeremy Levart Of Oak Funding Provides $18.5 Million Loan For Brooklyn Multifamily Construction
$18,500,000
$355/SF
Building Size
52,000 SF
Asset Type
MultiFamily
Closing
Mar 10, 2026
About this deal
AI
The asset involved in this transaction is a multifamily property located in Brooklyn, featuring a total square footage of 52,000 and comprising 59 units. The loan amount secured for this property is $18,500,000, classified as a construction loan.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $18,500,000
- Market: Brooklyn
- Lender: Jeremy Levart - Oak Funding
- Loan Type: Construction
The deal is facilitated by Jeremy Levart, representing Oak Funding, a company actively financing multifamily, mixed-use, and commercial real estate projects across the nation. For further loan inquiries, contact details are provided through their website and email.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.86%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93