Hakimian Capital Loans $28M For Construction Of Multifamily Property In Great Neck
FINANCED
$28,000,000
New York
See Similar DealsMultiFamily92,861 SF
Financed 10/31/2023
FINANCED
Hakimian Capital Loans $28M For Construction Of Multifamily Property In Great Neck
733-741 Middle Neck Road
See Similar DealsMultiFamily92,861 SF
Financed 10/31/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$301
Total Square Footage:92,861 SF
Transaction Type:Loan
The property at 733-741 Middle Neck Road in Great Neck has been involved in a loan transaction. The asset is a multifamily property with a total square footage of 92,861 and consists of 61 units. The loan amount for this transaction is $28,000,000, and it is categorized as a construction loan.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $28,000,000
- Address: 733-741 Middle Neck Road
- Market: Great Neck
- Square Footage: 92,861
- Number of Units: 61
The transaction lender is Hakimian Capital, represented by Sammy Hakimian, Michael Hakimian, and Daniel Nadri. They are the key individuals and companies involved in this loan deal.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$28,000,000.00
Monthly NOI$186,666.67
Monthly Debt Service$176,979.05
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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