Affiliate Of Quadrum Global Secures $82.5M Loan For Arlo Midtown Hotel In Manhattan
FINANCED
$82,500,000
Ferrara
See Similar DealsHotel
Financed 03/23/2023
FINANCED
Affiliate Of Quadrum Global Secures $82.5M Loan For Arlo Midtown Hotel In Manhattan
351 West 38th St (Arlo Midtown Hotel)
See Similar DealsHotel
Financed 03/23/2023
Summary
Asset Type:Hotel
Transaction Type:Loan
The Arlo Midtown Hotel, located at 351 West 38th St in Manhattan, has recently undergone a closed property transaction. This hotel property, boasting 489 keys, has been involved in the deal. The transaction took place on 03/23/2023.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $82,500,000
- Address: 351 West 38th St, Manhattan
- Market: Manhattan
Affinius Capital Management acted as the lender for this transaction, providing a loan amount of $82,500,000. The landlord of the Arlo Midtown Hotel is an affiliate of Quadrum Global. These key individuals and companies played a significant role in the successful completion of the deal.
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$82,500,000.00
Monthly NOI$550,000.00
Monthly Debt Service$521,456.12
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions