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

GET A QUOTE

Summary

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).

You would also like

HUD’s Express Lane for Healthcare

NEW YORK, December 16, 2025 – HUD remains one of the most attractive sources of long-term, fixed-rate, non-recourse financing for healthcare real estate—but timelines and execution complexity have historically limited its use.
 
This whitepaper provides a clear overview of HUD’s Express Lane initiative, a targeted pathway designed to accelerate execution for qualified skilled nursing and assisted living facilities without relaxing underwriting standards. The guide outlines how the program works, which transactions may qualify, and how Express Lane can materially reduce processing timelines compared to traditional HUD execution.
 
Built for healthcare owners, operators, and developers evaluating financing options, this paper focuses on practical considerations, eligibility criteria, and where Express Lane fits within today’s capital markets.
 
Read and the full whitepaper here:   [Download]

Bravo Property Trust Provides $170 Million Construction and Land Loan for Flagship Condominium Development in Miami’s Edgewater

New York, NY – August 20, 2025– Bravo Property Trust, an affiliate of Bravo Capital, led by founders Gabi Moshayev and Aaron Krawitz announced the successful closing of a $170 million construction and land loan for a premier waterfront Miami development in the premier Edgewater district. The financing supports the acquisition and pre-development of a 40-story, ultra-luxury condominium tower set to rise along Biscayne Bay, one of South Florida’s most sought-after waterfront corridors.

The project will deliver 134 expansive residences with floorplans and finishes tailored to maximize panoramic bay views and elevate the standard for bespoke urban living. The building will feature an extensive amenity suite, including a resort-style pool deck, private dining facilities with a chef’s kitchen, a screening room, and co-working spaces with eight fully enclosed office suites.

“Waterfont Miami development sites of this caliber are rare and we are equally as impressed with the sponsorship’s experience and vision,” said Aaron Krawitz, CEO of Bravo Property Trust. “This $170 million Edgewater transaction marks the fulfillment of a long-standing strategy in Miami,” said Gabi Moshayev, Chairman and Co-Founder of Bravo Property Trust. “It brings together a prime location, a top-tier sponsor, and a structure that offers institutional-quality opportunities for our partners while reinforcing Bravo’s commitment to premier U.S. markets.” 

Located steps from Margaret Pace Park and the planned Baywalk, the property provides direct access to over eight acres of waterfront greenspace, as well as seamless connectivity to Midtown, Wynwood, the Design District, Downtown Miami, and Miami International Airport.

About Bravo Property Trust:

Bravo Property Trust is a vertically integrated bridge and construction lending platform focused on institutional-quality real estate throughout the United States. Together with its affiliates, Bravo has originated and closed over $1.8 billion in financing. For more information, visit https://bravopropertytrust.com

One Big, Beautiful Bill: What Real Estate Investors Need to Know

NEW YORK, August 13, 2025 – Our latest whitepaper summarizes the impact of President Trump’s long-awaited tax bill on the commercial real estate industry, and provides a walkthrough of how adjustments to deductions, expenses and incentive programs will shape project feasibility and after-tax returns.Key Takeaways
  • Section 275, State and Local Tax (SALT) Deduction Cap Adjustments: Raises the SALT cap to $30,000 with phased reductions for high earners, permanently extending the cap and introducing anti-avoidance provisions.
  • Section 42(h)(3)(i), LIHTC Reform: Increases state tax credit allocations by 12%, lowers bond-financing thresholds to 25%, and strengthens HUD underwriting—expanding the pipeline of HUD-eligible LIHTC developments.
  • Section 199A, Qualified Business Income Deduction (QBI): Permanently extends the 20% deduction for pass- through income, raises phase-in thresholds, and introduces a $400 minimum deduction for active participants, reinforcing the tax efficiency of real estate investment through LLCs and partnerships.
  • Section 1400Z-19(c), Qualified Opportunity Zones Renewal (QOZ): Creates new QOZ designations effective 2027–2033, with expanded benefits including basis step-ups and ordinary income deferral, while imposing stricter eligibility and reporting requirements.
  • Section 179(b), Expensing Expansion: Doubles the IRC §179 deduction cap to $2.5M with a $4M phase-out threshold, allowing for accelerated cost recovery on qualifying properties.
Read the full whitepaper here: [Download]