FINANCED
Hakimian Capital Provides $3.6M Construction Loan For East New York Hotel
3294 Atlantic Avenue
Hotel
21,277 SF
21,277 SF
Financed 1 year ago
Summary
Loan
NEW YORK
Hotel
21,277 sqft
Located at 3294 Atlantic Avenue in East New York, this hotel property with a total area of 21,277 square feet and 61 keys recently underwent a closed transaction. The deal involved a construction loan.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $3,600,000
- Address: 3294 Atlantic Avenue
- Market: East New York
- Square Footage: 21,277
- Number of Keys: 61
The lending for this transaction was provided by Hakimian Capital, specifically Sammy Hakimian, Daniel Nadri, and Michael Hakimian. Bamsag Builders, represented by Osher Niyazov, served as the landlord for this deal. The brokerage involved in this transaction was Leviathan Capital with Joe Hach as the broker.
Players
All
3
Agents
1
Agencies
1
Lenders
1
Details
FINANCED
IMAGE: Sammy Hakimian, Michael Hakimian & Daniel Nadri
DATE: 10/25/2021
ADDRESS: 3294 Atlantic Avenue
MARKET: East New York
ASSET TYPE: Hotel ~ SF: 21,277 ~ KEYS: 61
LENDER: Hakimian Capital (@HakimianCapital) - Sammy Hakimian (@SammyHak), Daniel Nadri & Michael Hakimian (@MichaelHakimian)
LANDLORD: Bamsag Builders - Osher Niyazov
BROKER: Joe Hach (@JosephHach) - Leviathan Capital (@LeviathanCapital)
LOAN AMOUNT: $3,600,000
LOAN TYPE: Construction LoanView on map
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Address3294 Atlantic Avenue
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