Hakimian Capital Provides $1.1M Acquisition Loan For Multifamily Property In Nassau, Queens

A loan for the acquisition of a multifamily property located at 206 Willis & 91-35 111th St. in Nassau, Queens has been secured. The property has a total square footage of 5,000 and consists of 5 units. The loan, provided by Hakimian Capital, has a fixed rate of 3.75% and a term of 30 years.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,100,000
• Loan Type: Acquisition
• Loan Terms: 30 Year Fixed, 3.75%
• Loan Lender: Hakimian Capital - Daniel Nadri & Aaron Namdar
• Landlord: Lubana Family

Hakimian Capital, a New York-based direct private lender, specializes in providing complex and time-sensitive bridge and permanent loans. They offer loan programs for acquisitions and refinances of investment properties, including single-family homes, 2-to-4-unit townhomes, condominium units, and multifamily properties. The loan program allows for leverage as high as 80% LTV, with a minimum credit score requirement of 650. Borrowing entities can include LLCs, LPs, trusts, and corporations that are non-owner occupied.

To obtain an instant quote or for more information, interested parties can contact Aaron Namdar, Senior Loan Officer at Hakimian Capital, via phone at 516-642-7664 or email at [email protected].