Seraphim Equities Acquires Multifamily Property In City Of Newburgh With $9M Loan From Sharestates & ROC Capital | Seraphim Equities borrows $9,000,000 loan for multifamily properties in Newburgh & Hudson Valley | Sharestates, ROC Capital | MultiFamily | Loan

Summary

Loan

NEW YORK

MultiFamily

80,000 sqft

Seraphim Equities has secured a $9,000,000 acquisition loan for a multifamily property located in the City of Newburgh, within the Newburgh & Hudson Valley market. The property spans approximately 80,000 square feet and consists of 68 units. The loan was provided by Sharestates and ROC Capital, reflecting the bridge and construction loan terms.

Summary of Transation Details

Property Type: Multifamily
Transaction Amount: $9,000,000
Address: City Of Newburgh
Market: Newburgh & Hudson Valley
Square Footage: 80,000
Number of Units: 68

Seraphim Equities, represented by Adam Shayanfekr, serves as the landlord for this transaction. The company specializes in identifying traditional and nontraditional investment opportunities, aiming to revitalize neighborhoods, create job opportunities, and improve living standards. Seraphim Equities has a strong commitment to social responsibility and collaborates with charitable organizations to achieve these goals. With this latest investment in the City of Newburgh, the company contributes to the ongoing rejuvenation of the area.

The City of Newburgh, situated in Orange County, boasts the second-largest historical district in New York State, featuring diverse architectural styles. Known for its rich history, the city served as George Washington's headquarters during the American Revolutionary War and was home to Downing Park, an early inspiration for Manhattan's Central Park. While Newburgh faced a decline in the 20th century, it is now undergoing a revitalization movement. The city benefits from an established and growing artist community, the efforts of non-profit organizations, and socially conscious developers. Newburgh's resurgence presents attractive opportunities for investors and is becoming a city worth exploring.

Players

All
2

Lenders
2

Sharestates

ROC Capital

Details

Deal Summary

FINANCED

IMAGE: Adam Shayanfekr DATE: 06/09/2023 ADDRESS: City Of Newburgh MARKET: Newburgh & Hudson Valley ASSET TYPE: Multifamily ~ SF: 80,000 ~ UNITS: 68 LENDER: Sharestates & ROC Capital LANDLORD: Seraphim Equities - Adam Shayanfekr LOAN AMOUNT: $9,000,000 LOAN TYPE: Acquisition LOAN TERMS: Bridge + Construction NOTE FROM LANDLORD: Seraphim Equities specializes in identifying traditional and nontraditional investment opportunities for those seeking to grow their portfolio of real estate holdings. Our dedication to social responsibility and collaborative efforts have helped revitalize neighborhoods in financial distress, both through charitable donations and direct investments. Our ongoing mission is to help rejuvenate struggling neighborhoods, create job opportunities, improve standards of living while providing investors with attractive returns and turn-key solutions to buying new investment properties About Newburgh: Newburgh is a city within Orange County that sits on the west side of the Hudson River, across from Beacon, NY and is the second-largest historical district in New York State (after Manhattan), housing a variety of architectural styles ranging from Gothic to Greek Revival. The city is also the home of Downing Park, the first iteration of Manhattan’s infamous Central Park and was George Washington’s headquarters during the American Revolutionary war. The urban area located just 60 miles from Manhattan was once a bustling industrial hub with a major port but saw a decline throughout the 20th century. Today, Newburgh reemerges with a major revitalization movement fueled by an existing and growing artist community, non-profit organizations, and ambitious yet socially conscious developers, making Newburgh a city worth exploring

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AddressSeraphim Equities borrows $9,000,000 loan for multifamily properties in Newburgh & Hudson Valley

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