Hakimian Capital Provides $3.6M Acquisition Financing For East Village Multifamily

The multifamily property located at 528 East 5th Street in the East Village was recently involved in a loan transaction. The property spans approximately 5,340 square feet and consists of 7 units.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $3,600,000
• Address: 528 East 5th Street
• Market: East Village
• Loan Type: Acquisition

Hakimian Capital, represented by Sammy Hakimian, Daniel Nadri, and Michael Hakimian, provided the acquisition financing for this property. Elliot Sohayegh is the landlord. The loan amount of $3,600,000 was swiftly funded by Hakimian Capital within 8 days of receiving the file. All due diligence and underwriting processes were carried out in-house by Hakimian Capital, eliminating the need for the borrower to incur unnecessary third-party fees.