Printer Friendly

HKS Capital Partners LLC.

HKS Capital Partners LLC announced the following recent transactions:

* A $6.1 million refinance of a mixed-use building containing 30 apartments, four stores and an office located at 242 East 10th Street in Manhattan. The loan features a fixed rate of 4.375% and an unusual 12-year-term. The transaction was arranged by Jerry Swartz and Ayush Kapahi.

* A $14,015,000 permanent mortgage of a 90-unit portfolio located in the Bronx. The loan features a fixed rate of 4.2% and a 10-year-term. The agency loan, for a repeat client of HKS, closed in 34 days. The transaction was arranged by Jerry Swartz and Ayush Kapahi.

* An $8 million loan acquisition financing collateralized by land in Williamsburg, Brooklyn. This was 80% loan to cost (LTC), non-recourse, interest only, with a three-year-term. This transaction was arranged by Jerry Swartz and Ayush Kapahi.

* A $7.5 million permanent mortgage on two existing boutique hotels in midtown Manhattan near the Empire State Building at 4.50% interest only for 10 years. The transaction was arranged by Jerry Swartz and Ayush Kapahi.

* A $2.6 million ground up construction loan of a seven story, 12-unit multi-family building located in Prospect Heights Brooklyn. The loan features a 5.5% fixed rate and a 24-month term. The transaction was arranged by Michael Lee.
COPYRIGHT 2012 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2012 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:TRANSACTIONS
Publication:Real Estate Weekly
Article Type:Brief article
Geographic Code:1USA
Date:Jan 25, 2012
Words:217
Previous Article:GCP Capital Group LLC.
Next Article:NorthMarq Capital.
Topics:

Terms of use | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters