Otera Capital Investments IX
Named as the sponsor's construction lender in 2 New York City condominium offering plans, in the plan's text, where the sponsor says it has obtained its construction loan or financing, or, where the plan doesn't name one, as the lender on the mortgage and building loan agreement recorded in ACRIS on the building's lot before the plan was accepted. Each building below links the plan page or the recorded document. Where an amendment names a new lender, that lender is counted.
Otera Capital Investments IX's 2 buildings in these plans are all in Brooklyn, all new construction, 149 units at the middle, offered at an average $1.7M per unit. One loan's size is known: $428.5M.
- Buildings
- 2
- Residential units
- 149
- Typical check
- $428.5M
- Years
- 2020–2021
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Recent Growth
Otera Capital Investments IX's buildings and units by year for the last 6 years, and whether the pace is rising or falling.
0 buildings accepted in 2024–2026 (2026 to date), against 1 in 2021–2023. 0% of all 2 dated buildings are from the last 3 years.
| Year accepted | Buildings | Units |
|---|---|---|
| 2026 to date | 0 | — |
| 2025 | 0 | — |
| 2024 | 0 | — |
| 2023 | 0 | — |
| 2022 | 0 | — |
| 2021 | 1 | 149 |
Latest: 9 Dekalb Avenue Condominium, accepted Oct 21, 2021.
Strongest Relationships
The firms named most often on the same buildings as Otera Capital Investments IX, at least 2 in common.
Sponsor's counsel
- Starr Associates LLP2 shared buildings · 100% of Otera Capital Investments IX's · 2020–2021
General contractors
- JDS Construction Group*2 shared buildings · 100% of Otera Capital Investments IX's · 2020–2021
- Leeding Builders Group2 shared buildings · 100% of Otera Capital Investments IX's · 2020–2021
- Triton Construction2 shared buildings · 100% of Otera Capital Investments IX's · 2020–2021
From the same offering plans as the table below. A firm's own affiliates aren't counted.
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| Condominium | Accepted | Units | Loan |
|---|---|---|---|
| 9 Dekalb Avenue Condominium9 Dekalb Avenue · Brooklyn · new constructionNamed as Otera Capital Investments IX Inc. · Sponsor: 9 Dekalb Fee Owner LLC · Named on p. 35 ↗ | 2021 | 149 | $428.5M |
| 9 Dekalb Avenue Condominium9 Dekalb Avenue · Brooklyn · new constructionRecorded as Otera Capital Investments Ix Inc · Sponsor: 9 Dekalb Fee Owner LLC · Recorded in ACRIS ↗ | 2020 | 0 | — |
Loan is the construction financing the plan states: its stated total, or the building, project and other loans it lists added up (hover for the parts); a loan only for buying the land isn't counted. Where the plan states no amount, a figure marked * is the mortgage and building loan agreement recorded in ACRIS for the same lender on the building's lot, linked to the document. — means neither has one. The typical check is the median of these loans. A bank that changed its name is counted under its current name. Different spellings of one lender's name are counted together.