Cohen of Leviathan Capital closes $9.5 million construction loan for 11-unit condo development

Brooklyn, NY Peter Cohen of Leviathan Capital arranged a $9.5 million construction loan for an 11-unit condominium development in Park Slope.

The financing was structured with a 7.75% interest rate (7.25% floor), 24-month term, no prepayment penalty, and an origination fee under 1%.

Cohen also structured pre-funded deposits to facilitate early procurement of critical hard-cost materials, supporting post-closing construction progress and execution certainty.