Louis Lebovits Of BridgeCity Capital Provides $10.5M Loan For Brooklyn Multifamily Acquisition
$10,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Feb 26, 2026
AI
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.
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
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93