Hakimian Capital Provides $8M Loan For Lower East Side Development Site | 61-63 Pitt Street | Hakimian Capital | Development Site | Loan

Summary

Loan

NEW YORK

Development Site

40,000 sqft

The development site located at 61-63 Pitt Street in the Lower East Side has undergone a recent transaction. The loan for the acquisition of the property was provided by Hakimian Capital, a lending company. The loan amount secured for this transaction was $8,000,000, and it was funded in less than 2 weeks. The site spans a total built square footage (BSF) of 40,000.

Summary of transaction details:

Property Type: Development Site
Transaction Amount: $8,000,000
Address: 61-63 Pitt Street
Market: Lower East Side
Lender: Hakimian Capital

In addition to Hakimian Capital, Damien Smith is the landlord of the property. Smith's involvement in the transaction is significant, as the property will now be under their ownership or management.

Players

All
1

Lenders
1

Hakimian Capital

Details

Deal Summary

FINANCED

IMAGE: IMAGE: Sammy Hakimian, Daniel Nadri & Michael Hakimian DATE: 07/01/2020 ADDRESS: 61-63 Pitt Street MARKET: Lower East Side ASSET TYPE: Development Site LENDER: @HakimianCapital LANDLORD: Damien Smith LOAN AMOUNT $8,000,000 BSF: 40,000 NOTE: The acquisition loan was funded by Hakimian Capital in less than 2 weeks.

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Address61-63 Pitt Street

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