FINANCEDMixed-use
Aaron Naiman Secures $20.75 Million Loan From Amalgamated Bank For Mixed-Use Property
$20,750,000
Units
64
Asset Type
Mixed-use
Closing
Aug 17, 2026
About this deal
AI
This mixed-use asset located in the West Village consists of 64 units, including 4 commercial and 60 residential spaces. The acquisition loan amounted to $20,750,000, and the loan terms include a 3-year duration with a 6.11% rate and an interest-only period featuring a stepdown prepayment penalty.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $20,750,000
- Lender: Amalgamated Bank
- Borrower: Aaron Naiman
- Loan Type: Acquisition
- Loan Terms: Greenwich/West Village Portfolio - 3 Years, 6.11% Rate, IO Period, Stepdown PPP
- Brokers: Michael Helmreich, Jake Gluck & Asher Spingarn - Fortune Capital Group
The deal was facilitated by brokers Michael Helmreich, Jake Gluck, and Asher Spingarn, representing Fortune Capital Group, who played a crucial role in securing the financing for the acquisition of this mixed-use property.
Players
Market Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93