BridgeCity Capital Provides $14.2M Bridge Loan For Multifamily Property In Brooklyn

5 withers st, brooklyn, ny 11211, usa

MultiFamily

15,850 SF

Financed 1 year ago

Summary

Loan

NEW YORK

MultiFamily

15,850 sqft

Located at 5 Withers Street in Brooklyn, this multifamily property spans across 15,850 square feet and comprises 23 units. Withers Apartments LLC is the landlord of this property.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $14,175,000
Loan Type: Bridge
Loan Terms: 12 months with an LTV of 61%

The loan for this transaction was provided by BridgeCity Capital, with Allan Lebovits, Louis Lebovits, Pinny Loketch, and Moshe Loketch involved in the lending process.

Details

Deal Summary

FINANCED

IMAGE: Louis Lebovits, Moishe Loketch, Pinny Loketch & Allan Lebovits DATE: 11/21/2022 ADDRESS: 5 Withers Street MARKET: Brooklyn ASSET TYPE: Multifamily ~ SF: 15,850 ~ UNITS: 23 LENDER: BridgeCity Capital - Allan Lebovits, Louis Lebovits, Pinny Loketch & Moshe Loketch LANDLORD: Withers Apartments LLC LOAN AMOUNT: $14,175,000 LOAN TYPE: Bridge LOAN TERMS: 12 months LTV 61%

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Address5 withers st, brooklyn, ny 11211, usa

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