HKS Capital Partners closes five deals totaling $56 million in the Bronx, Manhattan, Brooklyn and Queens

HKS Capital Partners LLC, has closed five deals in the northeast Bronx as well as surrounding boroughs of Manhattan, Brooklyn and Queens totaling $56 million. Ayush Kapahi closed five Bronx deals that included: A $14.49 million construction loan of a to-be-built 119 multifamily building with a two-year loan financed at a 5% rate; a $9.3 million ground-up construction loan of an 81 unit multifamily building with a two-year loan financed at a 5% rate; an $8.973 million permanent financing of a 60-unit, multifamily building with a ten-year loan financed at a 4.28% rate; a $3.865 million construction loan of a multifamily building with a two-year loan financed at a 5% rate; and a $2.76 million permanent financing of a 20-unit multifamily building with a ten-year loan financed at a 4.38 % rate. Kapahi also closed a $12 million permanent financing of a multi-family building in Kew Gardens, Queens. The first three years of the ten-year loan was interest only at 3.55% and then a 30-year amortization schedule. In other deals, John Harrington of HKS closed a $3.5 million refinance of a five-story, 13-unit, multifamily apartment building in Bushwick, Brooklyn. The five-year loan was financed at a 3% rate and a $1.5 million refinance of an eight-unit walk-up brownstone on the Upper West Side of Manhattan. The five-year loan was financed at a 3.125% rate. Michael Lee completed this transaction.