Seraphim Equities Acquires Multifamily Property In City Of Newburgh With $9M Loan From Sharestates & ROC Capital

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.