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Hakimian Organization refinances 30 West 18th Street

The Hakimian Organization has secured a $42.5 million loan from Apple Bank for Savings to refinance 30 West 18th Street. The residential property spans 98,690 SF, and contains 100 apartments, plus ground floor retail occupied by Scampi and Swerve Fitness.

  • Financing details: The new loan replaces the outstanding balance of a $45 million mortgage provided by New York Community Bank in 2015. The new debt includes around $750,000 in fresh financing, according to CO.

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