Cohen of Leviathan Capital arranges $3.6 million construction loan

Brooklyn, NY According to Leviathan Capital, Peter Cohen arranged a $3.6 million construction loan for a two-family development in Boerum Hill.

The sponsor’s prior construction loan was nearing maturity, with work still required to complete the project. They needed additional time, incremental funds for construction, and an interest reserve to ensure successful completion.

The new loan features a 10.3% rate, 24-month term, and no prepayment penalty, providing flexibility to repay early without extra fees. Peter also introduced the sponsor to trusted legal counsel and title services, supporting a smooth and efficient closing.

This transaction highlights Leviathan Capital’s commitment to delivering best-in-class financing solutions while serving as a full-service resource for borrowers.

Tags: Brokerage New York City

Reprint

Previous Story Next Story

Manhattan office leasing tops 10 million s/f for ninth consecutive quarter, Lee & Associates NYC reports

Manhattan, NY Manhattan’s office market continued its recovery in the third quarter of 2026, recording more than 10 million s/f of leasing activity for the ninth

Investment Property Realty Group sells 460 15th St. in Park Slope for $3.25 million

IPRG sells 460 15th St. for $3.25m

GFP Real Estate signs two new leases totaling 21,000 s/f at 318 West 39th St.

GFP signs two new leases at 318 West 39th St.

Cleeman Realty Group sells Fort Valley Shopping Center in Georgia

Cleeman sells Fort Valley S.C. in Georgia

Simi Capital enters Texas with acquisition of 359,000 s/f small-bay industrial portfolio in Northwest Houston

Simi Capital acquires 359,000 s/f small-bay industrial portfolio in Northwest Houston

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Brokerage

Seelenfreund of Cleeman Realty sells 47,465 s/f Tops Supermarket

Columns and Thought Leadership

Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary

A guide to finding the right NYC property management company - by Sanjay Gandhi

Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.