Sammy Hakimian, Michael Hakimian & Daniel Nadri Of Hakimian Capital Provide $12.6M Loan In North Miami
FINANCED
$12,600,000
Florida
See Similar DealsNote / Loan124,822 SF
Financed 02/06/2025
FINANCED
Sammy Hakimian, Michael Hakimian & Daniel Nadri Of Hakimian Capital Provide $12.6M Loan In North Miami
14500 Northeast 6th Avenue
See Similar DealsNote / Loan124,822 SF
Financed 02/06/2025
Summary
FLORIDA
Asset Type:Note / Loan
Price Per Square Foot:$100
Total Square Footage:124,822 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$12,600,000.00
Monthly NOI$84,000.00
Monthly Debt Service$79,640.57
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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