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Gaw Capital And Button Capital Landlords Secure $65 Million Refinance Loan For Chicago Hotel

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FINANCED
$65,000,000
Ari Hirt
Adam Schwartz
+ 3

Illinois

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Hotel120,000 SF
Financed 02/11/2025
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Property Image
FINANCED

Gaw Capital And Button Capital Landlords Secure $65 Million Refinance Loan For Chicago Hotel

113 North Green Street

See Similar Deals
Hotel120,000 SF
Financed 02/11/2025
Ari Hirt
Adam Schwartz
+ 3
Contact now

Summary

ILLINOIS
Asset Type:Hotel
Price Per Square Foot:$541
Total Square Footage:120,000 SF
Transaction Type:Loan

The property asset involved in this transaction is a hotel located at 113-125 North Green Street, Chicago. The asset encompasses a total square footage of 120,000 and features 40 keys. The loan amount secured for this refinance transaction is $65,000,000.

Summary of transaction details:

The deal involves key individuals from various entities, including Joseph Tufariello representing Barclays as the lender. The landlords for the property, Dan Lee of Gaw Capital, along with Justin Ng and Jerry Tang of Button Capital, play significant roles in this transaction. The brokerage team from Walker & Dunlop includes Aaron Appel, Keith Kurland, Adam Schwartz, Jonathan Schwartz, Ari Hirt, and Christopher de Raet, who were instrumental in facilitating the deal.

Players

Aaron Appel
192 deals$32.1B volume
BROKER

Ari Hirt
Walker & Dunlop
28 deals$3.1B volume(301) 215-5500
BROKER

Jonathan Schwartz
Walker & Dunlop
167 deals$27.1B volume
BROKER

Keith Kurland
Walker & Dunlop
172 deals$29.3B volume
BROKER

Adam Schwartz
Walker & Dunlop
162 deals$25.6B volume(646) 491-8869
BROKER

Christopher de Raet
Walker & Dunlop
23 deals$4.4B volume(240) 328-2590
BROKER

Details

FINANCED
IMAGE: Jonathan Schwartz, Aaron Appel, Adam Schwartz, Keith Kurland, Christopher de Raet, Ari Hirt, Justin Ng, Jerry Tang, Dan Lee & Joseph Tufariello DATE: 02/11/2025 ADDRESS: 113-125 North Green Street MARKET: Chicago ASSET TYPE: Hotel ~ SF: 120,000 ~ KEYS: 40 LENDER: Joseph Tufariello - Barclays (@BarclaysBankUS) LANDLORD: Dan Lee - Gaw Capital & Justin Ng and Jerry Tang - Button Capital BROKERS: Aaron Appel, Keith Kurland (@KaKurland), Adam Schwartz (@AdamSchwartz88), Jonathan Schwartz (@JSchwa1386), Ari Hirt & Christopher de Raet - Walker & Dunlop (@WalkerDunlop) LOAN AMOUNT: $65,000,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$65,000,000.00

Monthly NOI$433,333.33
Monthly Debt Service$410,844.22
Change in Cash Flow$0.00
Refinance Proceeds$0.00