BridgeCity Capital Provides $80M Construction Loan For Development Site In Monroe

A development site located at 63 Acres Rd. in Monroe has been involved in a recent transaction. The property, with a building size factor (BSF) of 459,471, is situated in the Monroe market.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: Not specified
• Address: 63 Acres Rd.
• Market: Monroe
• BSF: 459,471

BridgeCity Capital, represented by Moishe Loketch, Louis Lebovits, Allan Lebovits, and Pinny Loketch, served as the lender for this transaction. The loan amount provided was $80,000,000, and it was a construction loan. The terms of the loan include a 2-year duration, with extension options available. The loan-to-cost (LTC) ratio is 75%.

BridgeCity Capital, a financing company, is actively involved in financing various projects in the Tri-State Area, South Florida, and other states. For loan inquiries, interested individuals can reach out to Louis at [email protected] or visit the official website at https://www.bridgecityfunding.com/.