Besyata Investment gets $38M construction loan from Bank Hapoalim for project in Flatbush

Besyata Investment Group through the entity Pulse Bedford Development LLC as borrower signed a loan agreement with lender Bank Hapoalim valued at $38 million for 1 parcel at 100 Lenox Road in Flatbush. The deal closed on September 29, 2020 and was recorded on October 15, 2020.
There have been 2 new building permit applications totaling 111,614 square feet. Those plans include a total of 127 residential units.

This is a new construction loan including a $25.7 million building loan. The prior loan of $9.5 million was assigned by Jonathan Lewis. The last time the property sold was January 10, 2018, for $4,800,000.

Over the past five years, there have been 4 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There have been 2 demolition projects filed over the past five years. The demolition included 2 residential units.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link