News: Brokerage

HKS Capital negotiates four finance deals totaling $22.9 million; Includes $8.759 million by Kapahi for mixed-use building

HKS Capital Partners LLC, a leading commercial real estate finance and advisory firm, has negotiated the following four deals totaling $22.9 million: * $8.759 million in acquisition financing of a five-story mixed-use building, comprised of one commercial unit and seven residential units, in the West Village. The loan features a rate of 3.5% and a term of five years, with four years of interest only. Ayush Kapahi of HKS negotiated. * $5.5 million in permanent financing and cross-collateralization of three Flatiron District buildings; a three-story building comprised of two commercial units and one apartment, a four-story building comprised of three commercial units and one apartment, and a two-story building comprised of two commercial units. The loan features a rate of 250 BP's over the 30-day LIBOR. Kapahi negotiated this deal. * $5.25 million in permanent financing of a 31-unit multifamily property located in the Morris Heights section of the Bronx. The loan features a rate of 4.5% and a term of ten years. Kapahi negotiated this deal. * $3.45 million in ground up construction of a seven-story, mixed-use building with 12 residential units and one commercial unit in East Harlem. The loan features a rate of 4.25% and a term of 24 months. Rex Grasso of HSK negotiated this deal.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
A guide to finding the right NYC property management company - by Sanjay Gandhi

A guide to finding the right NYC property management company - by Sanjay Gandhi

Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional
Positive forecast for New York’s pro-housing push? - by Philip Butler

Positive forecast for New York’s pro-housing push? - by Philip Butler

New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.