Lance Zar Of Zar Capital Group Secures $1.7M Refinance Loan For Retail Asset In Greenvale
87 Glen Cove Road
$1,700,000
Building Size
—
Asset Type
Retail
Closing
Jun 26, 2026
AI
The property asset involved in this transaction is located at 87 Glen Cove Road in Greenvale. The loan amount secured for this retail asset is $1,700,000, and it is categorized under a refinance loan type.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,700,000
- Borrower: Lance Zar - Zar Capital Group
- Broker: Kevin Hakimi - Elite Capital Advisors
- Borrower's Attorney: Benjamin Sedaghatzandi, Esq. - Hakimi Law
- Loan Type: Refinance
The key individuals and companies involved in the transaction include Lance Zar, representing Zar Capital Group as the borrower. Kevin Hakimi from Elite Capital Advisors acted as the broker facilitating the transaction. Benjamin Sedaghatzandi, Esq. from Hakimi Law served as the borrower's attorney, providing legal counsel throughout the refinance process.
Greenvale Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93