Jeremy Levart Of Oak Funding Provides $21 Million Construction Loan For Brooklyn Multifamily Asset
$21,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 4, 2026
AI
The asset involved in this transaction is a multifamily property located in Brooklyn, comprising 53 units. The loan amount secured for the construction of this property is $21,000,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $21,000,000
- Loan Type: Construction
- Lender: Jeremy Levart - Oak Funding
- Date of Transaction: 6/5/2026
- Market: Brooklyn
Jeremy Levart, representing Oak Funding, is actively involved in financing multifamily, mixed-use, and commercial real estate projects across the nation. For loan inquiries, Oak Funding can be contacted via their website or 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
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93