Sammy Hakimian, Michael Hakimian & Daniel Nadri Of Hakimian Capital Provide $12.6M Loan In North Miami

The asset involved in this transaction is a non-performing loan secured by an 81-unit multifamily building along with a commercial outparcel building located at 14500 Northeast 6th Avenue in North Miami, FL. The loan amount for this note purchase is $12,600,000, representing a financing of 75% of the non-performing loan's purchase price. The total asset encompasses a square footage of 124,822.

Summary of transaction details:

• Property Type: Note / Loan
• Transaction Amount: $12,600,000
• Lender: Sammy Hakimian, Michael Hakimian & Daniel Nadri - Hakimian Capital
• Landlord: Joshua Garth

The transaction was facilitated by Hakimian Capital, which provided note on note financing for the purchase of the specified non-performing loan. Sammy Hakimian, Michael Hakimian, and Daniel Nadri represent the lending entity in this transaction.