Hasanov Capital Completes $18.4M Loan For 91 SFR Portfolio Acquisition In Multiple States
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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
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- Location1661 Holland Rd, Maumee, Ohio, USA
- Loan Value$2,000,000
- Asset TypeMixed-use
- Parties2 Brokers, 2 Lenders
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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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1661 Holland Road
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