Andrew Kamkar's 181 N 8th LLC Secures $3.1M Bridge Loan For Williamsburg Multifamily Property

The property involved in this transaction is a multifamily asset located at 181 North 8th Street in Williamsburg, Brooklyn. The building encompasses a total square footage of 4,125 and comprises 5 units. The acquisition/bridge loan made for this property amounts to $3,100,000.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $3,100,000
• Address: 181 North 8th Street
• Market: Williamsburg
• Square Footage: 4,125
• Units: 5
• Lender: Michael Hakimian, Sammy Hakimian & Daniel Nadri - Hakimian Capital
• Borrower: Andrew Kamkar – 181 N 8th LLC
• Loan Type: Bridge

This transaction involved key individuals and representatives from Hakimian Capital, including Michael Hakimian, Sammy Hakimian, and Daniel Nadri, who provided the financing. The loan is aimed at assisting the borrower, Andrew Kamkar, in acquiring, renovating, and repositioning the vacant multifamily property.