The transaction involves a note sale secured by a leasehold mortgage that is cross-collateralized across five office and retail buildings located at 234 5th Avenue, 119 West 24th Street, 13 West 27th Street, 19 West 24th Street, and 45 West 27th Street in Manhattan, totaling 362,599 square feet. The loan amount for this transaction is $120,000,000.

Summary of transaction details:

• Property Type: Note Sale
• Transaction Amount: $120,000,000
• Lender: Sammy Hakimian, Michael Hakimian & Daniel Nadri - Hakimian Capital
• Landlord: Kaufman Organization
• Loan Type: Note purchase

Hakimian Capital successfully provided note-on-note financing, facilitating the discounted purchase of a non-performing loan. The transaction was completed in less than 10 days, indicating swift execution by the involved parties.