Eric Hanninen Secures $5.01 Million Acquisition Loan For Mixed-use Property In Hell's Kitchen

The property asset involved in the transaction is a mixed-use building located at 369 West 46th Street in the Hell's Kitchen market. The building comprises two units and spans a total of 4,709 square feet. The acquisition loan amount secured for this property is $5,014,374.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $5,014,374
• Address: 369 West 46th Street
• Market: Hell's Kitchen
• Square Footage: 4,709
• Units: 2
• Lender: Regional Business Assistance Corporation (RBAC)
• Landlord: Eric Hanninen
• Lender's Representative: Russell Nova - Conerstone Capital Financing
• Landlord's Representative: Bernadette Brennan - Serhant
• Loan Type: Acquisition

In this transaction, Bernadette Brennan of Serhant represented the landlord, and she played a vital role in bringing the lender on board to finalize the acquisition deal. Russell Nova from Conerstone Capital Financing acted as the representative for the lender, facilitating the financing process for this property deal.