HKS Capital arranges $41.18 million total

HKS Capital Partners has arranged the following transactions totaling $41.18 million: * A $20.2 million acquisition loan and $12.95 million in a Fannie Mae Assumption on the Tristar Portfolio. The package of five mixed-use walk-up buildings contains 100 residential units and 14 stores in the West Village, Lower East Side and NoLita. The properties are located on 386 Broome St., 9 Christopher St. and 55-59 & 61-63 Delancey St. in Manhattan. The acquisition loan is for seven years at 3.55%, three years interest only with flexible pre-pay. Dalan Management partnered with RWN Real Estate Partners and Standard Property Co. to purchase the TriStar Portfolio. The deal was closed by HKS partner Ayush Kapahi. * A $3.1 million loan on a mixed-use building on the Upper West Side. The non-recourse loan was for 3% for five years with 50% loan-to-value. HKS broker Michael Lee closed the deal in 30 days, despite the borrower's credit issues. * A $3 million equity raise on a joint venture between Greystone Property Development and the Vesta Development Group for the acquisition and renovation of 79 Horatio Street, a six-story, 6,750 s/f townhouse in the West Village, that was part of the William Gottleib Estate. The buyer plans to renovate and transform the property into a luxury townhouse. The HKS broker on this transaction was Joseph Piraino. * A $1.93 million non-recourse loan for 3.15% for five years on a mixed-use building in Little Italy on Mulberry St. The HKS broker on this transaction was Jay Stern-Sczepaniak. HKS Capital Partners has closed over $2 billion in transactions in the year and a half since the company was formed in 2011.