Louis Lebovits, Allan Lebovits, Moishe Loketch & Pinny Loketch Provide $28.5M Construction Loan For 45 Units In North Williamsburg

The asset involved in this transaction consists of 45 luxury residential units located in North Williamsburg, Brooklyn. The details surrounding this transaction showcase the focus on high-end residential development in a growing market.

Summary of transaction details:

• Property Type: Residential Units
• Transaction Amount: $28,500,000
• Loan Type: Construction
• Loan Terms: 24 months + extension options
• LTC: 85%
• Lender: Louis Lebovits, Allan Lebovits, Moishe Loketch & Pinny Loketch
• Lender's Company: BridgeCity Capital

Key individuals involved in this transaction include Louis Lebovits, Allan Lebovits, Moishe Loketch, and Pinny Loketch, all of whom are representatives from BridgeCity Capital. The company is actively financing various mixed-use, residential, industrial, and construction projects throughout the Tri-State Area, South Florida, and other states.