Michael And Sammy Hakimian Landlord Secures $15M Refinance Loan From Preferred Bank In Riverhead

The asset involves a retail property located at 1087 Old Country Road, situated in Riverhead. The property was refinanced with a loan amounting to $15,000,000.00, facilitated by Preferred Bank.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $15,000,000.00
• Lender: Preferred Bank
• Landlord: Michael and Sammy Hakimian
• Loan Type: Refinance
• Date of Transaction: 03/13/2025

Key individuals involved in the transaction include Michael and Sammy Hakimian, who are the landlords of the property. For creative financing solutions related to this deal, Kevin Hakimi from Elite Capital Advisors is available for contact at [email protected] or via phone at 516-350-8529.