Bakhchi and Aghravi of Hybrid Capital arrange $9.8 million permanent financing
According to Hybrid Capital, the firm has closed on $9.8 million in permanent financing for 114 West 86th St. on the Upper West Side. The property is a 16-story building containing 49 apartment units.
The financing was closed by Hybrid Capital partners Bob Bakhchi and Jonathan Aghravi in only 15 days.
Plano, TX Meridian Capital Group has arranged $29.65 million in construction financing for the first phase of a single-family residential community located at 2601 East Parker Rd. The 80% loan-to-cost, non-recourse financing was provided by Arixa Capital and