Davean Holdings Refinances Cobble Hill Properties For $10.3M With LMF Commercial
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This Mixed-use property located in NY received a loan of $10,300,000 about 3 years ago. The brokers of the deal were Jonathan Singer and Robert Tobias
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- Location131 Smith Street, Brooklyn, NY, USA
- Loan Value$10,300,000
- Asset TypeMixed-use
- Parties2 Brokers, 1 Agency, 1 Lender
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Deal Summary
LOAN
IMAGE: David Lloyd, Sean Lefkovits & Lance Lefkovits
DATE: 02/12/2021
ADDRESS: 131 Smith St. & 181 Court St.
MARKET: Cobble Hill, Brooklyn
ASSET TYPE: Mixed-use ~ UNITS: 11
LENDER: LMF Commercial (A Lennar Co.)
LANDLORD: Sean Lefkovits (@4Lefko), David Lloyd (@DavidTLloyd) & Lance Lefkovits (@Lancealot815) - @DaveanHoldings
BROKERS: Jonathan Singer - Strategic Funding;l & Robert Tobias - RJT Capital
LOAN AMOUNT: $10,300,000
LOAN TERMS: 10-Years Fixed
NOTE FROM LANDLORD: Both properties were purchased in 2020 in midst of the pandemic for $10,100,000 combined. Gut renovated and repositioned 11 Residential units with condo level finishes. Successfully refinanced for $10,300,000 within the year.
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131 Smith Street & 181 Court Street
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