News: Brokerage

HKS Capital closes $28.105 million in Bronx/Queens loans

HKS Capital Partners LLC, one of the leading commercial real estate finance and advisory firms, that specializes in origination, transaction analysis and loan placements has negotiated the following deals totaling $28.105 million: * $15 million financing for ground-up construction of 118 unit multifamily property in the Bronx. The loan features a rate of 4.5% and a term of 24 months. Ayush Kapahi negotiated this transaction. * $5.505 million permanent financing of a 31- unit, multifamily property in the Morris Heights section of the Bronx. The loan features a rate of 4.72% and a term of ten years. Kapahi negotiated this transaction. * $4 million permanent financing for a collateralization of four multifamily properties comprised of 35 residential units in Queens. The loan features a rate of 3.25% and a term of 10 years. Jay Stern and Matthew McCue negotiated this transaction * $3.6 million acquisition financing of a single tenant commercial space in the Bronx. The loan features a rate of 200 BPs over the five-year Treasury. Tony Le negotiated this transaction. Since Kapahi formed HKS CAPITAL PARTNERS in 2011 with his partners, Jerry Swartz and John Harrington, the firm has secured over $9.5 billion in loans for new developments, acquisitions and refinancing deals in New York other states and the US Caribbean territories.
MORE FROM Brokerage

Berger and Koicim of Marcus & Millichap sell 17-unit multi-family for $8.8 million

Manhattan, NY Marcus & Millichap negotiated the sale of 207 E. Fourth St., a 17-unit mixed-use multi-family property the East Village. The asset sold for $8.8 million. “This transaction underscores
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent