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Manhattan: Equicap Secures $5M Loan for Mixed-Use Property in Chinatown

$5,000,000 Permanent Loan New York, NY Mixed-Use  

The borrower plans to remodel and re-inhabitant the four retail units at the property in Chinatown

Daniel Hilpert, managing director, is pleased to announce that Equicap has arranged financing for a mixed-use property located in the Chinatown section of New York, New York....

Equicap has arranged $5 million in permanent financing for a mixed-use property located in the Chinatown section of New York City. The 20-unit property features four retail units and 16 apartments. The borrower, a large not-for-profit, plans to renovate and re-tenant the retail portion of the property. Daniel Hilpert of Equicap negotiated the five-year loan at a 3.25 percent interest rate.

Equicap is a leading investment advisory firm that focuses on commercial real estate debt and equity capital placement. Equicap provides their clients with asset position and capital structure strategies. They help their clients maneuver through changing markets to realize the greatest possible value from their real estate interests. Equicap arranges debt, mezzanine and equity capital for real estate owners and developers.