Bravo Capital Funds $200 Million in Bridge & HUD Financing Through Q2 2022

Summary

Bravo Capital Funds $200 Million in Bridge & HUD Financing Through Q2 2022Bravo Capital also closed a direct to HUD, $7.9MM multifamily transaction in Stratford, Connecticut.When asked about why they chose Bravo as their primary Bridge and HUD lender, one client is quoted as saying, “They are built differently."

Bravo Capital Funds $200 Million in Bridge & HUD Financing Through Q2 2022

NEW YORK, July 25, 2022 (GLOBE NEWSWIRE) — Bravo Capital and its Bridge Fund affiliate, Bravo Bridge Fund LLC, have closed approximately $200,000,000 in Bridge and HUD-insured financing this year through Q2 2022. With a $30.6MM skilled nursing portfolio financing and a $7.9MM multifamily closing in late June, Bravo continues to ramp up financing production with top sponsors.

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The 453-bed SNF portfolio, originated by CEO Aaron Krawitz, consists of six facilities located throughout Pennsylvania. The sponsor will use the roughly $30.6MM in bridge financing to acquire the portfolio and further upgrade operations.

Bravo Capital also closed a direct to HUD, $7.9MM multifamily transaction in Stratford, Connecticut.

Bravo Capital also closed a direct to HUD, $7.9MM multifamily transaction in Stratford, Connecticut. The market rate refinance of the 66-unit property was also originated by Aaron Krawitz. The two-building property, built in 1973 and located on roughly 2.5 acres of land, will deploy the HUD-insured capital to complete renovations and remove existing indebtedness on the property.

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While June was certainly an eventful month for Bravo, it was hardly the firm’s busiest to date. In March 2022, Bravo Capital and Bravo Bridge Fund closed 5 consecutive transactions with locations ranging from Pennsylvania to New York, and various cities throughout Florida. Notable was a $48MM refinance of a 100-unit, multifamily complex, located in Pennsylvania.

When asked about why they chose Bravo as their primary
Bridge and HUD lender, one client is quoted as saying,
“They are built differently.”

Bravo Capital also provided financing for these highlighted transactions in 2022:

$21MM 108-unit multifamily acquisition located in Daytona, Florida
$23MM 54-unit multifamily refinance located in Brooklyn, New York
$11.9MM 96-bed SNF acquisition located in Blountstown, Florida
$13MM 96-unit multifamily acquisition located in St. Petersburg, Florida
$7.645MM 438-bed SNF/ALF acquisition throughout Florida
$5MM 16-unit multifamily refinance located in Brooklyn, NY
$2MM 16-unit multifamily refinance located in Queens, NY

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March 20, 2025

Bravo Property Trust Closes $36.75 Million Senior Construction Loan for Multifamily Project on Amsterdam Ave in Upper Manhattan

NEW YORK, Mar. 17, 2025 – Bravo Property Trust, an affiliate of Bravo Capital, today announced the closing of a $36,750,000 construction loan for a 78-unit mixed-use multifamily development on Amsterdam Avenue in Upper Manhattan. The neighborhood is known for its residential charm and attracts a prime tenant base, including families, young professionals, and students.

“This project aligns with our strategy of financing well-located, high-quality developments that add long-term value to the housing market,” said Aaron Krawitz, CEO of Bravo Property Trust. Echoing this confidence, Gabi Moshayev, Chairman of Bravo Property Trust, added, “We have strong confidence in the continued growth of Upper Manhattan and remain committed to structuring financing solutions that drive long-term value creation.”

The development will benefit from New York City’s 421a tax abatement program, securing a 35-year tax exemption in exchange for reserving 30% of units as affordable housing. In addition to residential space, the project will feature ground-floor retail, which has already been pre-leased.

Galaxy Capital’s Henry Bodek and Jonathan Ostroff arranged the transaction. “Galaxy Capital is proud to have arranged this $36.75 million construction loan from Bravo Property Trust, supporting Artifact Real Estate in bringing a premier luxury multifamily development to Hamilton Heights”, Jonathan Ostroff, Executive Director at Galaxy Capital, said in a statement. “This transaction reflects our commitment to securing strategic financing for transformative projects in New York City’s dynamic real estate market.

Future residents will enjoy premium amenities, including a fitness facility, tenant lounge, coworking space, and a landscaped rooftop deck. The residences will feature luxury finishes such as custom two-tone woodwork, Scandinavian lighting, polished chrome fixtures, and LED accent lighting, enhancing the modern living experience. Conveniently located near the 155th St. and 157th St. subway stations, multiple bus lines, and Citi Bike stations, the property offers excellent transit access.

About Bravo Property Trust: Bravo Property Trust is a leading bridge and construction financing platform, which, along with its affiliates, has closed over $1.6 billion in financing. For more information about Bravo Property Trust and its services, please visit https://bravopropertytrust.com/ or contact (212-729-4962).

March 14, 2025

$125MM Construction Loan in DUMBO Financed by Bravo Property Trust and Integritas Capital

Bravo Property Trust, in partnership with Integritas Capital, closed a $125M million senior construction loan in Dumbo for an office-to-residential conversion. Bravo Property Trust, a construction and bridge lending affiliate of Bravo Capital, originated and led the senior loan alongside Man Group.

“We are proud to finance best-in-class locations like Dumbo, and sponsors who have a decades long track record of consistent success,” Aaron Krawitz, CEO of Bravo Capital and Bravo Property Trust, said in a statement.

The property is an existing 8-story gut renovated office building that will be converted into multifamily rentals under the new 467m tax abatement program, with a new 11-story vertical condo development on top. The multifamily and condo portions will each have their own class-A amenity space including tenant lounges, outdoor space, and a fitness center. All units overlook the Brooklyn Bridge. Located on the border of Dumbo and Downtown Brooklyn, the subject is proximate to the F, A, and C subway lines offering direct access to Manhattan.

“Our platform is designed to deliver smart, strategic financing that drives transformative projects like this one. The Dumbo conversion is a prime example of revitalizing a top-tier location while creating high-quality housing in a market with strong demand,” Gabi Moshayev, Founder & Chairman of Bravo Property Trust, said.

New York City’s new 467m tax abatement program will provide the multifamily portion of the property with a tax abatement for 35 years in exchange for reserving 25% of units for low-income tenants. The abatement provides a 65% exemption for the first 30 years and drops 10% per year starting in year 31.

“At Integritas, we are among the few nationally to have converted office and other commercial buildings to residential in multiple cities under our equity strategy. This expertise supported our ability to close this large and complex loan quickly ” Stephen Palmese, Co-Founder and Managing Principal of Integritas Capital, said.

The completed project will be a landmark 19-story residential tower.

About Bravo Property Trust: Bravo Property Trust is a leading bridge and construction financing platform, which, along with its affiliates, has closed over $1.5 billion in financing. For more information about Bravo Property Trust and Bravo Capital and its services, please visit https://bravocapital.com/ and https://bravopropertytrust.com/ or contact (212-729-4962).

About Integritas Capital: IC is a vertically integrated private equity firm with a broad range of investments with a focus on commercial real estate private equity and private credit. Since 2004, Integritas Capital has been the direct developer or lead investor in $2.5 billion in real estate projects across ground up development, direct investment and preferred equity investment, the acquiring of non-performing loans and the origination of whole loans and mezzanine financing.

March 10, 2025

Bravo Property Trust Closes $65M Construction Loan for Jersey City Mixed-Use Development

Bravo Property Trust, an affiliate of New York-based commercial real estate private capital provider Bravo Capital, this week announced that they have closed a $65 million senior construction loan for a mixed-use development in Jersey City’s West Side submarket. Jacob Savitt originated the loan on behalf of Bravo Property Trust.

“This financing underscores Bravo’s strategy of working with experienced sponsors who have a proven track record of successful development in major MSAs,” Aaron Krawitz, CEO of Bravo Capital, the parent company of Bravo Property Trust, said in a statement.

The project will feature a 15-story, 218-unit Class A mixed-use building with strategic positioning in Jersey City’s rapidly expanding West Side neighborhood, which has seen a 48% population growth over the past three years. Located on Route 440, the site offers seamless access to major highways, public transportation, and key employment hubs, along with proximity to retail, dining, and Lincoln Park, enhancing its appeal to potential residents.

This development stands out as the only mid- to high-rise project in the area, thanks to unique zoning allowances that permit a height of 15 stories – significantly taller than the predominantly 5- to 6-story buildings in the vicinity. This height advantage provides unobstructed views and a commanding presence in the neighborhood. The project also includes a premium amenity package, featuring a rooftop pool, a distinctive and rare offering in the local market.

About Bravo Property Trust: Bravo Property Trust is a leading bridge and construction financing platform, which, along with its affiliates, has closed over $1.4 billion in financing. For more information about Bravo Property Trust and Bravo Capital and its services, please visit https://bravocapital.com/ and https://bravopropertytrust.com/ or contact (212-729-4962).