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87 Glen Cove Road

Lance Zar Of Zar Capital Group Secures $1.7M Refinance Loan For Retail Asset In Greenvale
FINANCEDRetail

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.

Players

Kevin Hakimi

Elite Capital Advisors

Broker

$17.2M

vol

2 deals

Broker

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