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F2H Capital Group Arranges $5.8M Construction Loan For Multifamily Property In NYC

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FINANCED
$5,800,000
Farrukh Hasanov
Farkhad Hasanov
Jeffrey Znaty
+ 3

New York

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MultiFamily2 SF
Financed 12/12/2022
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Property Image
FINANCED

F2H Capital Group Arranges $5.8M Construction Loan For Multifamily Property In NYC

356 West 48th Street

See Similar Deals
MultiFamily2 SF
Financed 12/12/2022
Farrukh Hasanov
Farkhad Hasanov
Jeffrey Znaty
+ 3
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$2,900,000
Total Square Footage:2 SF
Transaction Type:Loan

The recently closed property transaction involves a multifamily asset located at 356 West 48th Street in New York City. This property comprises a total of 20 units and is owned by Kings Capital.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $5,800,000
  • Address: 356 West 48th Street
  • Market: New York City
  • Units: 20

Acting as debt advisors, F2H Capital Group represented the parties involved in this deal. The brokers, Farkhad Hasanov and Farrukh Hasanov from F2H Capital Group, played a significant role in facilitating the transaction. They are experienced professionals who work with real estate investors, providing creative financing solutions for the acquisition, refinancing, or recapitalization of commercial real estate properties.

For further information on their services or complicated deals, interested investors can reach out to:

Players

Jeffrey Znaty
Kings Capital
Jeffrey Znaty
20 deals$118.3M volume(347) 413-4808
BROKER
Shallini Mehra
Meridian Capital Group
Shallini Mehra
78 deals$1.1B volume
BROKER
Amit Doshi
Meridian Capital Group
Amit Doshi
87 deals$1.3B volume
BROKER
George Giannopoulos
Cushman & Wakefield
George Giannopoulos
3 deals$44M volume
BROKER
Farrukh Hasanov
F2H Capital Group
Farrukh Hasanov
19 deals$172.6M volume
BROKER
Farkhad Hasanov
F2H Capital Group
Farkhad Hasanov
17 deals$149.7M volume
BROKER
Kings Capital
Kings Capital
LANDLORD

Details

FINANCED
IMAGE: Tommy Giannopoulos, Farrukh Hasanov, George Giannopoulos, Farkhad Hasanov & Jeffrey Znaty DATE: 12/11/2022 ADDRESS: 356 West 48th Street MARKET: New York City ASSET TYPE: Multifamily ~ UNITS: 20 LANDLORD: Kings Capital BROKERS: Farkhad Hasanov (@Farkhad_Hasan0v) & Farrukh Hasanov (@Farrukh_H) - F2H Capital Group LOAN AMOUNT: $5,800,000 LOAN TYPE: Construction NOTE FROM BROKER: Located in the heart of New York City while serving nationwide, F2H Capital Group are debt advisors that work with real estate investors that are planning to acquire, refinance or recapitalize commercial real estate properties. For investors who need creative financing solutions for their complicated deals, please reach out to: Farrukh Hasanov, 917-679-7995, [email protected] Farkhad Hasanov, 9176-679-8680, [email protected]

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$5,800,000.00

Monthly NOI$38,666.67
Monthly Debt Service$36,659.95
Change in Cash Flow$0.00
Refinance Proceeds$0.00