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Hakimian Capital Provides $17M Bridge Loan For Development Site In Brooklyn

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FINANCED
$17,000,000

New York

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Development Site
Financed 07/03/2024
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Property Image
FINANCED

Hakimian Capital Provides $17M Bridge Loan For Development Site In Brooklyn

2730 West 33rd Street

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Development Site
Financed 07/03/2024
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Development Site
Transaction Type:Loan

The development site located at 2730 West 33rd Street in Brooklyn has a building square footage of 500,000 and was involved in a recent closed transaction. The loan for this property was provided by Sammy Hakimian, Michael Hakimian, and Daniel Nadri of Hakimian Capital, with a loan amount of $17,000,000. The loan type was identified as a Bridge loan.

Summary of transation details:

  • Property Type: Development Site
  • Transaction Amount: $17,000,000
  • Address: 2730 West 33rd Street
  • Market: Brooklyn
  • Lender: Sammy Hakimian, Michael Hakimian & Daniel Nadri - Hakimian Capital
  • Loan Type: Bridge
  • Asset Type: Development Site
  • Building Square Footage: 500,000

The key individuals behind this loan transaction are Sammy Hakimian, Michael Hakimian, and Daniel Nadri, who collectively represent Hakimian Capital. Their involvement as lenders highlights their role in providing financial support for the development site in Brooklyn.

Players

Hakimian Capital
Hakimian Capital
LENDER

Details

FINANCED
IMAGE: Sammy Hakimian, Michael Hakimian & Daniel Nadri DATE: 07/03/2024 ADDRESS: 2730 West 33rd Street MARKET: Brooklyn ASSET TYPE: Development Site ~ BSF: 500,000 LENDER: Sammy Hakimian (@SammyHak), Michael Hakimian (@MichaelHakimian) & Daniel Nadri - Hakimian Capital (@HakimianCapital) LOAN AMOUNT: $17,000,000 LOAN TYPE: Bridge

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$17,000,000.00

Monthly NOI$113,333.33
Monthly Debt Service$107,451.56
Change in Cash Flow$0.00
Refinance Proceeds$0.00