News: Brokerage

HKS Capital Partners negotiates multiple finance deals totaling $23.41 million

HKS Capital Partners LLC, one of the leading commercial real estate finance and advisory firms, has negotiated the following deals totaling $23.41 million: • $7.21 million permanent financing of a 85 unit, multifamily building located in the Olinville neighborhood of the Bronx. The loan features a rate of 3.25% and a term of five years. Ayush Kapahi negotiated this transaction. • $3.85 million finance of a 25 unit multifamily property in the Claremont neighborhood of the Bronx. The loan features a rate of 3.25% and a term of five years. Kapahi negotiated this transaction. • $2.5 million permanent financing of a 5-story mixed use building comprised of 15 residential units and one commercial unit located in the Prospect Lefferts Garden neighborhood of Brooklyn. The loan features a rate of 3.9% and a term of seven years. Kapahi negotiated this transaction. • $7.35 million permanent financing of a mixed-use property with ground floor retail located in the Chinatown neighborhood. The loan features a rate of 3.25% and a term of five years. Kapahi negotiated this transaction. • $2.5 million permanent financing of a 5-story, 5 unit mixed-use building located in Morningside Heights/West Harlem neighborhood. The loan features a rate of 3.95% and a term of seven years. John Harrington negotiated this transaction.
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TF Cornerstone inks Hanover Park lease and PMG Worldwide expansion at 387 Park Ave. South

Manhattan, NY New York City real estate development firm TF Cornerstone (TFC) has completed 100,000 s/f of leasing activity over the past year at 387 Park Ave. South, highlighted by a new lease with Hanover Park and the expansion and extension of PMG Worldwide totaling more than 58,000 s/f.
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