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Loan · Mixed-use

Updated Aug 31, 2026

Aaron Naiman Secures $20.75 Million Loan From Amalgamated Bank For Mixed-Use Property
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:

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

Jake Gluck

Fortune Capital Group

Broker

$475.3M

vol

45 deals

Broker

Aaron Naiman

Buyer

$55.8M

vol

3 deals

Buyer
Amalgamated Bank
Amalgamated BankLender

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

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