Property Address

Farragut Rd East Flatbush, Brooklyn New York 11210

Requested Loan Amount

$6,500,000

Loan to Value

75%

Loan Term

16 months

Lien Position

1st

Collateral Type

Commercial Property

Exit Strategy

Refinance

Collateral and Loan Details

Commercial Property Type

Land

Cannabis Business

No

Number of Units

18

Current Occupancy

Vacant

Loan Type

Acquisition and Ground-Up Construction

Current Zoning

Multifamily Land

Entitlement Status

Entitled

Development Status

Building Plans Approved by Local Government

Existing Improvements

Street Access, Electricity, Gas, Water, Residential Structure

Generate Income

No

Multiple Parcels

No

Project Description

This is the opportunity to develop an 18-unit residential building in prime East Flabutsh, Brooklyn, NY. The land is fully entitled and shovel-ready. I currently am doing two other ground-up developments in the same location.

Property Type

Residential

Commercial Property Type

Multifamily

Number of Units

18

Project Phase

Shovel-Ready

Land Value

$1,550,000

Estimated Costs

$5,000,000

Have Budget

Yes

Projects Completed

2

Licensed Contractor

Yes

Lot Size

0.09 acres

Will additional properties be collateralized?

No

Borrower Entity

LLC

Borrower Credit Rating

Good

Comments

Hello,

I am a New York developer seeking a combination of financing (senior, mezzanine, pref) for a ground-up multifamily development in Brooklyn, NY.

First Name

Fahad

Last Name

Rajput

Phone Number

(516) 309-0480

Company

Blacklist Capital Inc

Role

Borrower

Location

Jericho New York USA

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