Equitas Capital Group Secures $4.25M Loan For Development Site In Kensington, Brooklyn
ShareContact
This Development Site property located in NY received a loan of $4,250,000 about 3 years ago. The broker of the deal was Alex Leykind
View Related
- Location485 East 28th Street, Brooklyn, NY, USA
- Loan Value$4,250,000
- Asset TypeDevelopment Site
- Parties1 Broker, 1 Agency
Agent
Agency
Social
Deal Summary
LOAN
IMAGE: Alex Leykind
DATE: 03/19/2021
ADDRESS: 485 East 28th Street
MARKET: Kensington, Brooklyn
ASSET TYPE: Development Site ~ BSF: 22,000
BROKER: Alex Leykind (@AlexLeykind1) - Equitas Capital Group @EquitasCapitalGroup
LOAN AMOUNT: $4,250,000
LOAN TERMS: Rate: 5% LTV/ LTC: 70% Term: 18 months with 6 month extension Option Amortization: Interest Only PrePayment Penalty: None **Loan structure allowed the Developer to automatically convert to a permanent loan at property stabilization.
NOTE FROM @EquitasCapitalGroup: At Equitas Capital Group we are committed to delivering the highest level of service, and conduct ourselves with integrity and creativity. We advocate on behalf of our clients and represented lenders with an unparalleled commitment to excellence in the industry for its integrity, creativity, and advocacy on behalf of its clients.
Connect with us for any of your commercial financing needs at any time at 646-637-7510
Comparables
Contact
485 East 28th Street
Social
Comparables
Contact
Share
Login to Suggest Edits