H Holding Group, Klosed, Namdar, borrow $19.5M from A10 Capital for development in Mott Haven

Sharon Hakmon’s H Holding Group, Klosed Properties and Namdar Realty Group through the entity Namdar 780 LLC as borrower signed a construction loan agreement with lender A10 Capital, LLC valued at $19.5 million for 1 parcel, including the tax class miscellaneous warehouse (E9) at 780 East 135th Street in Mott Haven. The deal closed on November 26, 2019 and was recorded on December 16, 2019.
The property contains a total of 84,650 square feet of built space.
The average loan per buildable square foot is $143.
The last time the property sold was November 26, 2019, for $17,500,000.

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