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.
Manhattan, NY GFP Real Estate and BDT & MSD Partners (BDT & MSD) secured 226,500 s/f of new leasing at 1540 Broadway since unveiling the tower’s $150 million repositioning in January
You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking