facebook
Traded Co logo
Submit a Deal

BridgeCity Capital Provides $12.4M Construction Loan For Williamsburg Development Site

PointingArrow
ShareContact

This Development Site property located in NY received a loan of $12,400,000 over 1 year ago. The brokers of the deal were Louis Lebovits and Moishe Loketch

A development site located at 310 North 7th Street in Williamsburg, Brooklyn has recently undergone a loan transaction. The property, spanning a buildable square footage (BSF) of 13,788, has secured a construction loan.

Summary of transaction details

  • Property Type: Development Site
  • Loan Amount: $12,400,000
  • Loan Type: Construction
  • Loan Terms: 24 months + extension options; LTC 77%

The lender for this project is BridgeCity Capital, represented by Louis Lebovits, Moishe Loketch, Pinny Loketch, and Allan Lebovits. They actively finance mixed-use, residential, industrial, and construction projects in the Tri-State Area, South Florida, and various other states. For loan inquiries, interested parties can visit their website at www.bridgecityfunding.com or contact them via email at [email protected].

View Related

Deals
  • Location
    310 north 7th street310 north 7th street
  • Loan Value
    $12,400,000$12,400,000
  • Asset Type
    Development SiteDevelopment Site
  • Parties
    2 Brokers2 Brokers

Agents

Louis Lebovits

Louis Lebovits

Deals20
Financed$251.2M

Moishe Loketch

Moishe Loketch

Deals3
Financed$21.1M

Social

Deal Summary

LOAN IMAGE: Moishe Loketch, Louis Lebovits, Allan Lebovits & Pinny Loketch DATE: 09/23/2022 ADDRESS: 310 North 7th Street MARKET: Williamsburg, Brooklyn ASSET TYPE: Development Site ~ BSF: 13,788 LENDER: BridgeCity Capital - Louis Lebovits, Moishe Loketch, Pinny Loketch & Allan Lebovits LOAN AMOUNT: $12,400,000 LOAN TYPE: Construction LOAN TERMS: 24 months + extension options; LTC 77% 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 www.bridgecityfunding.com or send loan inquires to [email protected]

Comparables


We could not find what you were looking for, try a different filter

Contact

310 north 7th street

  • Social

  • Comparables

  • Contact

  • Share


  • Login to Suggest Edits