Meir Babaev's AB Capstone Secures $24M Loan From Salman Khan's Stabilis Capital Management

Three mixed-use and retail properties located at 186-16 Union Turnpike, 179-24 Union Turnpike, and 187-12 Union Turnpike in Jamaica Estates, Queens, have a total square footage of 34,550. These properties are part of a loan transaction facilitated by Stabilis Capital Management, which provided significant funding for their operations.

Summary of transaction details:

• Property Type: Mixed-use & Retail
• Transaction Amount: $24,000,000
• Lender: Salman Khan - Stabilis Capital Management
• Landlord: Meir Babaev - AB Capstone

Salman Khan, representing Stabilis Capital Management, has provided a loan to Meir Babaev of AB Capstone for the aforementioned properties. This transaction underscores the engagement between the lender and landlord within the Jamaica Estates market, highlighting the financial alliance in securing substantial real estate assets.