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Hakimian Capital Provides $4.4M Bridge Loan For Mixed-Use Property In East Village

Property Image
FINANCED
$4,400,000
Daniel Nadri
Michael Hakimian
SH

New York

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Mixed-use6,070 SF
Financed 07/13/2023
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Property Image
FINANCED

Hakimian Capital Provides $4.4M Bridge Loan For Mixed-Use Property In East Village

13 Avenue B New York, NY 10009, USA

See Similar Deals
Mixed-use6,070 SF
Financed 07/13/2023
Daniel Nadri
Michael Hakimian
SH
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$724
Total Square Footage:6,070 SF
Transaction Type:Loan

A mixed-use property located at 13 Avenue B in the East Village has recently undergone a transaction. Spanning across 6,070 square feet, this property offers a versatile space for both residential and commercial purposes. The transaction involved a loan from Hakimian Capital, represented by Michael Hakimian, Daniel Nadri, and Sammy Hakimian. The loan amount for this bridge loan was $4,400,000.

Summary of transaction details

  • Property Type: Mixed-Use
  • Transaction Amount: $4,400,000
  • Address: 13 Avenue B
  • Market: East Village
  • Square Footage: 6,070

Hakimian Capital, led by Michael Hakimian, Daniel Nadri, and Sammy Hakimian, provided the loan for this transaction. Their expertise in bridge loans makes them a reliable choice for financing real estate deals. Their involvement in this transaction demonstrates their confidence in the potential of this mixed-use property in the East Village.

Players

Daniel Nadri
Hakimian Capital
Daniel Nadri
13 deals$232.9M volume
LENDER
Michael Hakimian
Hakimian Capital
Michael Hakimian
15 deals$265.9M volume
LENDER
SH
Hakimian Capital
Sammy Hakimian
13 deals$247.4M volume
LENDER
Hakimian Capital
Hakimian Capital
LENDER

Details

FINANCED
IMAGE: Sammy Hakimian, Michael Hakimian & Daniel Nadri DATE: 07/13/2023 ADDRESS: 13 Avenue B MARKET: East Village ASSET TYPE: Mixed-Use ~ SF: 6,070 LENDER: Hakimian Capital (@HakimianCapital)- Michael Hakimian (@MichaelHakimian), Daniel Nadri & Sammy Hakimian (@SammyHak) LOAN AMOUNT: $4,400,000 LOAN TYPE: Bridge

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$4,400,000.00

Monthly NOI$29,333.33
Monthly Debt Service$27,810.99
Change in Cash Flow$0.00
Refinance Proceeds$0.00