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.