FINANCED
BridgeCity Capital Provides $29M Acquisition Loan For Development Site In Mott Haven, Bronx
120 East 144th Street
Commercial
82,956 SF
82,956 SF
Financed 1 year ago
Summary
Loan
NEW YORK
Commercial
82,956 sqft
BridgeCity Capital has provided a loan of $29,000,000 for the acquisition of a development site located at 120 E. 144th St. in Mott Haven, Bronx. The loan was granted on March 30, 2022, with a loan-to-value (LTV) ratio of 70%. The development site spans approximately 320,695 square feet in size.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $29,000,000
- Address: 120 E. 144th St.
- Market: Mott Haven, Bronx
- Lender: BridgeCity
- Lender Representatives: Louis Lebovits, Moishe Loketch, Pinny Loketch, and Allan Lebovits
- Loan Type: Acquisition
- Loan Terms: 70 LTV
BridgeCity, represented by Louis Lebovits, Moishe Loketch, Pinny Loketch, and Allan Lebovits, is actively financing mixed-use, residential, industrial, and construction projects in the Tri-State Area, South Florida, and various other states. For loan inquiries, contact [email protected] or visit BridgeCity's website at https://www.bridgecityfunding.com/.
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FINANCED
IMAGE: Moishe Loketch, Louis Lebovits, Allan Lebovits & Pinny Loketch
DATE: 03/30/2022
ADDRESS: 120 E. 144th St.
MARKET: Mott Haven, Bronx
ASSET TYPE: Development Site ~ SF: 320,695,000
LENDER: BridgeCity - Louis Lebovits, Moishe Loketch, Pinny Loketch & Allan Lebovits
BROKER: Jeff Seindenfeld - Sevenstone
LOAN AMOUNT: $29,000,000
LOAN TYPE: Acquisition
LOAN TERMS: 70 LTV
NOTE FROM LENDER: BridgeCity Capital is actively financing mixed-use, residential, industrial & construction projects in the Tri-State Area, South Florida & in various other states. Visit us at https://www.bridgecityfunding.com/ or send loan inquires to [email protected]View on map
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Address120 East 144th Street
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