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

1661 Holland Road
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This Mixed-use property located in OH received a loan of $2,000,000 over 2 years ago. The brokers of the deal were Farkhad Hasanov and Farrukh Hasanov

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:

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.

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Deals
  • Location
    1661 Holland Rd, Maumee, Ohio, USA1661 Holland Rd, Maumee, Ohio, USA
  • Loan Value
    $2,000,000$2,000,000
  • Asset Type
    Mixed-useMixed-use
  • Parties
    2 Brokers, 2 Lenders2 Brokers, 2 Lenders

Agents

Farrukh Hasanov

Farrukh Hasanov

Deals8
Financed$50.1M

Farkhad Hasanov

Farkhad Hasanov

Deals8
Financed$50.1M

Directions Credit Union

Directions Credit Union

Lender
Deals1
Volume$ 100.2M

Wayne Community Savings Bank

Wayne Community Savings Bank

Lender
Deals1
Volume$ 100.2M

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Deal Summary

LOAN IMAGE: Farrukh Hasanov & Farkhad Hasanov DATE: 11/23/2021 ADDRESS: 1661 Holland Rd, 5957 Cleveland Ave, 6156 N Diadem Point, 701-707 Bryant St, 100 Powell Dr (91 SFR Portfolio) MARKET: Maumee, OH; Columbus, OH; Garfield Heights OH; Beverly Hills, FL; Abbevile, SC; Statesville, NC; Dundee, MI; Carolinas; Griffin, GA ASSET TYPE: Mix-use ~ SF: 158,445 LENDER: Wayne Community Savings Bank, Arbor, Bank United, Marine Credit Union & Directions Credit Union LANDLORD: Robert Wallace BROKERS: Farrukh Hasanov (@Farrukh_h) & Farkhad Hasanov (@Farkhad_Hasan0v) - Hasanov Capital LOAN AMOUNT: $18,367,740 LOAN TYPE: Acquisition NOTE: Hasanov Capital completed a complicated 1031 exchange for a New York based investor who bought 97 properties that included multifamily, office, medical office, strip mall, NNN lease as well as a 91 SFR portfolio across 6 states. Leveraging their close lender relationships across the country, Hasanov Capital was able to secure financing within the two week due diligence period for each property. Lenders included credit unions, banks, an agency lender and a debt fund. Hasanov achieved a blended LTV of 78% leveraging the borrower's equity as much as possible helping him achieve the highest purchasing power and increasing his cash on cash return. For investors who need creative financing solutions for their complicated deals, please reach out to: Farrukh Hasanov, 917-679-7995, [email protected] Farkhad Hasanov, 9176-679-8680, [email protected]

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