Hach of Leviathan Capital arranges $5.2 million land portfolio loan

Rockland County, NY According to Leviathan Capital, Joe Hach brokered a $5.2 million loan across a portfolio of partially-completed homes and vacant lots.

In order to provide maximum leverage on a new acquisition, Hach collateralized the borrower’s existing portfolio, in addition to the new purchase.

The loan closed at an attractive interest rate and a 0.75% fee at closing and 1% on the exit.

The loan features a flexible prepayment penalty and release prices for each of the assets, so that the borrower can refinance or sell out of the loan at ease.

Tags: Brokerage

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GFP Real Estate signs Indecor Home to 16,806 s/f lease at 247 West 37th St.

Manhattan, NY GFP Real Estate said that Indecor Home, a New York-based designer and manufacturer of home décor products, has signed a 10-year lease for the entire 16,806 s/f fifth floor at 247 West

Manhattan office leasing tops 10 million s/f for ninth consecutive quarter, Lee & Associates NYC reports

Investment Property Realty Group sells 460 15th St. in Park Slope for $3.25 million

IPRG sells 460 15th St. for $3.25m

GFP Real Estate signs two new leases totaling 21,000 s/f at 318 West 39th St.

GFP signs two new leases at 318 West 39th St.

Cleeman Realty Group sells Fort Valley Shopping Center in Georgia

Cleeman sells Fort Valley S.C. in Georgia

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