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Getir's Mehmed Nazim Salur Secures $70M Loan From WhiteHawk Capital For Mott Haven Property

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FINANCED
$70,000,000

New York

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Industrial613,339 SF
Financed 04/28/2025
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Property Image
FINANCED

Getir's Mehmed Nazim Salur Secures $70M Loan From WhiteHawk Capital For Mott Haven Property

2 Saint Ann's Avenue

See Similar Deals
Industrial613,339 SF
Financed 04/28/2025

Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$114
Total Square Footage:613,339 SF
Transaction Type:Loan

The industrial asset located at 2 Saint Ann's Avenue in the Mott Haven area of the Bronx encompasses a total square footage of 613,339. This property is associated with a loan provided by WhiteHawk Capital Partners to Getir, the landlord managing the facility. The loan amount secured for this distribution center is $70,000,000, and it also includes rights to two adjacent parcels providing an expansive total of 5.8 million buildable square feet.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $70,000,000
  • Lender: WhiteHawk Capital Partners
  • Landlord: Mehmed Nazim Salur - Getir
  • Address: 2 Saint Ann's Avenue
  • Market: Mott Haven, Bronx
  • Asset Size (SF): 613,339
  • Buildable Area: 5.8 million sq. ft.

Mehmed Nazim Salur serves as the landlord representing Getir in this transaction. The deal facilitates the financial maneuvering necessary for the operation and expansion of the distribution center in Mott Haven, enhancing logistical capabilities for the tenant.

Details

FINANCED
IMAGE: Mehmed Nazim Salur DATE: 04/28/2025 ADDRESS: 2 Saint Ann's Avenue MARKET: Mott Haven, Bronx ASSET TYPE: Industrial ~ SF: 613,339 LENDER: WhiteHawk Capital Partners LANDLORD: Mehmed Nazim Salur - Getir LOAN AMOUNT: $70,000,000 NOTE: Getir secured a $70M loan from WhiteHawk Capital Partners for its distribution center at 2 St. Ann’s Avenue in Mott Haven and two adjacent parcels totaling 5.8M buildable sq. ft. # Industrial

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$70,000,000.00

Monthly NOI$466,666.67
Monthly Debt Service$442,447.62
Change in Cash Flow$0.00
Refinance Proceeds$0.00