Sam Kooris Of Alchemy Ventures Secures $7.5M Loan For Mixed-Use Property Acquisition In New York

The property involved in this transaction is a mixed-use asset located at 151 Avenue A in Manhattan, covering a total square footage of 10,000. The loan amount secured for this acquisition is $7,500,000, with a loan type categorized as acquisition. The loan terms include a loan-to-value ratio of 70%, an interest rate of 6.48%, a two-year interest-only period, and flexible prepayment options.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $7,500,000
• Lender: Freddie Mac
• Landlord: Sam Kooris - Alchemy Ventures
• Broker: Jake Kahn - Dansker Capital Group
• Loan Terms: 70% LTV, 6.48% rate, 2 years interest only, flex prepay

Key individuals involved in this transaction include Sam Kooris, who represents Alchemy Ventures as the landlord. The financing was facilitated through Freddie Mac, with Jake Kahn from Dansker Capital Group acting as the broker for this deal. Their roles contributed to the successful securing of the acquisition loan.