Hasanov Capital Completes $18.4M Loan For 91 SFR Portfolio Acquisition In Multiple States

Hasanov Capital recently completed a complex 1031 exchange transaction on behalf of a New York-based investor. The deal involved the purchase of 97 properties spanning across six states. The portfolio consisted of multifamily, office, medical office, strip mall, NNN lease, and a 91 single-family home (SFR) portfolio. The properties were located in Maumee, OH; Columbus, OH; Garfield Heights, OH; Beverly Hills, FL; Abbeville, SC; Statesville, NC; Dundee, MI; Carolinas; and Griffin, GA. The total square footage of this mixed-use portfolio is approximately 158,445 square feet.

Summary of Transaction Details:

• Property Type: Mix-use ~ SF: 158,445
• Transaction Amount: $18,367,740
• Lender: Wayne Community Savings Bank, Arbor, Bank United, Marine Credit Union, Directions Credit Union
• Landlord: Robert Wallace
• Broker: Farrukh Hasanov & Farkhad Hasanov - Hasanov Capital
• Loan Type: Acquisition

Throughout the transaction, Hasanov Capital leveraged their close relationships with various lenders across the country to secure financing within a two-week due diligence period for each property. The financing was obtained from a mix of credit unions, banks, an agency lender, and a debt fund. The borrower's equity was maximized, allowing for a blended loan-to-value (LTV) ratio of 78%. This financing strategy helped the investor achieve the highest purchasing power and increase their cash-on-cash return.

For investors seeking creative financing solutions for complex deals, it is recommended to reach out to Farrukh Hasanov at [email protected] or 917-679-7995, or Farkhad Hasanov at [email protected] or 9176-679-8680.