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Hakimian Capital Lends $660K Loan For Bronx Multifamily Property On Barnes Avenue

Property Image
FINANCED
$660,000

New York

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MultiFamily72,000 SF
Financed 05/15/2019
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Property Image
FINANCED

Hakimian Capital Lends $660K Loan For Bronx Multifamily Property On Barnes Avenue

3946 Barnes Ave, The Bronx, NY 10466, USA

See Similar Deals
MultiFamily72,000 SF
Financed 05/15/2019
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$9
Total Square Footage:72,000 SF
Transaction Type:Loan

The multifamily property located at 3946 Barnes Avenue in Bronx, Wakefield was involved in a closed transaction. The property spans across 7,200 square feet and the loan amount for the deal was $660,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $660,000
  • Market: Bronx, Wakefield
  • Lender: Hakimian Capital - Sammy Hakimian, Daniel Nadri & Michael Hakimian
  • Landlord: Eden Ashourzadeh

Hakimian Capital, represented by Sammy Hakimian, Daniel Nadri, and Michael Hakimian, served as the direct lender in the deal. The lender offers borrowers a combination of speed, convenience, and surety of execution. It is worth noting that Eden Ashourzadeh is the landlord of the property.

Players

Hakimian Capital
Hakimian Capital
LENDER
EA
Eden Ashourzadeh
36 deals$116.7M volume
LANDLORD
EA
Eden Ashourzadeh
36 deals$116.7M volume
LANDLORD

Details

FINANCED
IMAGE: Sammy Hakimian, Daniel Nadri and Michael Hakimian DATE: 05/15/2019 ADDRESS: 3946 Barnes Avenue MARKET: Bronx, Wakefield ASSET TYPE: Multifamily SF: 7,200 LOAN AMOUNT: $660,000 LENDER: @HakimianCapital – Sammy Hakimian @SammyHak, Daniel Nadri & Michael Hakimian @MichaelHakimian LANDLORD: @EdenAshourzadeh NOTE: Hakimian Capital is a direct lender that offers borrowers speed, convenience and surety of execution […]

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$660,000.00

Monthly NOI$4,400.00
Monthly Debt Service$4,171.65
Change in Cash Flow$0.00
Refinance Proceeds$0.00