Fred Khalili Secures $7.4M Loan From Axos Bank For Mixed-Use Property In Jackson Heights

The property involved in this transaction is located at 37-02 82nd Street in Jackson Heights. It is a mixed-use asset with a total square footage of 27,325. The acquisition loan was secured for an amount of $7,400,000 with terms set for 5 years.

Summary of transation details:

• Property Type: Mixed-use
• Transaction Amount: $7,400,000
• Lender: Axos Bank
• Landlord: Fred Khalili
• Loan Type: Acquisition
• Loan Terms: 5 years
• Brokers: Shamir Seidman, Judah Hammer & Jeff Feldman - CBRE

The acquisition financing was successfully closed in a timeframe of 30 days, showcasing the efficiency of the brokerage team involved in the transaction. The brokers represent the interest of the landlord in this deal.