Louis Lebovits
Chief Executive Officer
BridgeCity Capital
(Bridge City Funding, BCC Funding)
Lender, Owner
Private Equity
241 37th Street, Suite 305 Brooklyn, New York 11232
BridgeCity Capital NYC portfolio
$38.8 million -condo 99%; Brooklyn 99%*
2532th largest portfolio by dollar value
80,531 sqft – condo 100%; Brooklyn 100%
2676th largest by SF
41 residential units – Brooklyn 100%
2844th largest by residential units
Notes
BridgeCity Capital is a lender and Meral Property Group is a developer
Person Activity past 24 months:
Buyer signatory: 2 for $13 million
Borrower signatory: 1 for $6.8 million
Lender signatory: 15 for $399.9 million
Developer (new building or major alteration): 10 for 0 square feet
Top Ten Associated Companies:
Joel Schwartz (16), ZD Jasper Realty (3), Abraham Brach (3), Watermark Capital Group (2), Derby Copeland Capital (1), Thomas Anagnostopoulos (1), Antonios Dagounakis (1), Rivky Brach (1), Abraham Lipschitz (1), Century Development Group (1)
Top Ten Associated People:
Joel Schwartz (16), Abraham Brach (3), Jasper Wu (2), Meir D. Tabak (2), Wolfe Landau (1), Thomas Anagnostopoulos (1), Antonios Dagounakis (1), Rivky Brach (1), Zhidong Wu (1), Abraham Lipschitz (1)
Recent activity as signatory:
• Rivky Brach borrowed $40 million from D2 Asset Management for 3549 Webster Avenue on April 15, 2026.
• Shimon Brach and Philip Miller borrowed $11.3 million from BridgeCity Capital for 682 Bedford Avenue on March 26, 2026.
• Joel Schwartz borrowed $24 million from Provident Bank for 362 Shepherd Avenue on March 17, 2026.
• Walton Realty NY borrowed $28 million from BridgeCity Capital for None on March 06, 2026.
• Gilar Realty and Ranco Capital borrowed $82 million from Affinius Capital for 534 3 Avenue on February 04, 2026.
• Joel Schwartz borrowed $72 million from BridgeCity Capital for 236 Gold Street on December 18, 2025.
• Watermark Capital Group borrowed $62 million from Berkshire Residential Investments for 532 Baltic Street on November 25, 2025.
• MZS Realty borrowed $9.8 million from Protective Life Insurance Company for 1821 Prospect Avenue on November 24, 2025.
• MZS Realty borrowed $4.9 million from Protective Life Insurance Company for 714 East 217th Street, Williamsbridge, Bronx on November 24, 2025.
• Marc Edelstein borrowed $12.3 million from Bank of Hope for 1777 Weeks Avenue, 1777 Weeks Avenue, and 1777 Weeks Avenue, Mt Hope, Bronx on October 31, 2025.
Latest Stories:
• RedHoek+ signs $30M refi with S3 Capital for $76M condo project in Gravesend (November 20, 2025)
• Watermark Capital signs $15M refi with Citibank for 54-unit building in Bushwick (August 11, 2025)
• Moses Karpen signs $12.3M refi with Parke Bank for 17-unit walkup in Williamsburg (July 01, 2025)