BridgeCity Capital Provides $43.85M Bridge Loan For Williamsburg Multifamily Portfolio
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This MultiFamily property located in NY received a loan of $43,850,000 over 2 years ago. The broker of the deal was Louis Lebovits
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- Location922 Dekalb Ave, Brooklyn, NY, USA
- Loan Value$43,850,000
- Asset TypeMultiFamily
- Parties1 Broker
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Deal Summary
LOAN
IMAGE: Moishe Loketch, Louis Lebovits, Allan Lebovits & Pinny Loketch
DATE: 10/11/2021
ADDRESS: 175-177 Palmetto Street, 209 Montrose, 295 N. 7th, 415 Manhattan, 777 Glenmore & 922 Dekalb Ave.
MARKET: Williamsburg, Brooklyn
ASSET TYPE: Multifamily ~ SF: 100,000 ~ UNITS: 85
LENDER: BridgeCity Capital
LOAN AMOUNT: $43,850,000
LOAN TYPE: Bridge Loan
LOAN TERMS: Bridge to Perm 75% LTV 95 % LTC all assets are over 95 % completed
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175-177 Palmetto Street, 209 Montrose, 295 North 7th, 415 Manhattan, 777 Glenmore & 922 Dekalb Avenue
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