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Louis Lebovits Of BridgeCity Capital Provides $10.5M Loan For Brooklyn Multifamily Acquisition

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FINANCED
$10,500,000

New York

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FINANCED

Louis Lebovits Of BridgeCity Capital Provides $10.5M Loan For Brooklyn Multifamily Acquisition

MultiFamily
Financed
the dealplayerscompscontact
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Summary

Asset Type:MultiFamily
Transaction Type:Loan

The asset involved in this transaction is a multifamily property located in Brooklyn. It consists of a total of 65,720 square feet and includes plans for an 18-story building featuring 93 residential units along with high-end amenities.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $10,500,000
  • Lender: Louis Lebovits - BridgeCity Capital
  • Loan Type: Acquisition
  • Loan Terms: 12 months + extension options; LTV 75%
  • Market: Brooklyn
  • Units: 93 (Residential)
  • BSF: 65,720

Louis Lebovits represents BridgeCity Capital in this transaction, which is actively financing mixed-use, residential, industrial, and construction projects across the Tri-State Area, South Florida, and various other states.

Players

Louis Lebovits
BridgeCity Capital
Louis Lebovits
46 deals$1.3B volume
LENDER

Details

FINANCED
IMAGE: Louis Lebovits DATE: 2/26/2026 MARKET: Brooklyn ASSET TYPE: Multifamily ~ BSF: 65,720 ~ UNITS: 93 (Residential) LENDER: Louis Lebovits (@LebovitsLouis) - BridgeCity Capital LOAN AMOUNT: $10,500,000 LOAN TYPE: Acquisition LOAN TERMS: 12 months + extension options; LTV 75% 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] 65,720BSF with plans to build an 18-story building which will consist of 93 residential units and high-end amenities.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$10,500,000.00

Monthly NOI$70,000.00
Monthly Debt Service$66,367.14
Change in Cash Flow$0.00
Refinance Proceeds$0.00