Hakimian Capital Provides $15M Interest Only Loan For Williamsburg Hotel
FINANCED
$15,000,000
New York
See Similar DealsHotel25,059 SF
Financed 07/22/2020
FINANCED
Hakimian Capital Provides $15M Interest Only Loan For Williamsburg Hotel
156 North 12th Street, Brooklyn, NY 11249
See Similar DealsHotel25,059 SF
Financed 07/22/2020
Summary
NEW YORK
Asset Type:Hotel
Price Per Square Foot:$598
Total Square Footage:25,059 SF
Transaction Type:Loan
The hotel located at 156-164 North 12th Street in Williamsburg has been involved in a recent transaction. The loan for the property was provided by Daniel Nadri of Hakimian Capital for an amount of $15,000,000. The loan terms are interest-only. The property is owned by Empire Realty, represented by Ebi Khalili and Josh Rahmani.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $15,000,000
- Address: 156-164 North 12th Street
- Market: Williamsburg
Hakimian Capital, specializing in real estate loans ranging from $500K to $30MM, is the direct lender for this transaction. They can be contacted at 212-302-4066 or [email protected].
Players
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$15,000,000.00
Monthly NOI$100,000.00
Monthly Debt Service$94,810.20
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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