News: Brokerage

HKS Capital negotiates four finance deals totaling $22.9 million; Includes $8.759 million by Kapahi for mixed-use building

HKS Capital Partners LLC, a leading commercial real estate finance and advisory firm, has negotiated the following four deals totaling $22.9 million: * $8.759 million in acquisition financing of a five-story mixed-use building, comprised of one commercial unit and seven residential units, in the West Village. The loan features a rate of 3.5% and a term of five years, with four years of interest only. Ayush Kapahi of HKS negotiated. * $5.5 million in permanent financing and cross-collateralization of three Flatiron District buildings; a three-story building comprised of two commercial units and one apartment, a four-story building comprised of three commercial units and one apartment, and a two-story building comprised of two commercial units. The loan features a rate of 250 BP's over the 30-day LIBOR. Kapahi negotiated this deal. * $5.25 million in permanent financing of a 31-unit multifamily property located in the Morris Heights section of the Bronx. The loan features a rate of 4.5% and a term of ten years. Kapahi negotiated this deal. * $3.45 million in ground up construction of a seven-story, mixed-use building with 12 residential units and one commercial unit in East Harlem. The loan features a rate of 4.25% and a term of 24 months. Rex Grasso of HSK negotiated this deal.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

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
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

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 in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

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,
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

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.