Matthew Lembo & Ryan Jackson Of Stellar Management Secure $77.5 Million Refinance For Hotel In Upper West Side
666 West End Avenue
$77,500,000
Building Size
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Asset Type
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Closing
May 1, 2026
AI
The transaction involves a 279,316-square-foot hotel property located at 666 West End Avenue in the Upper West Side market. Stellar Management has secured a refinancing loan in the amount of $77,500,000 for this property.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $77,500,000
- Lender: Nuveen
- Landlord: Matthew Lembo & Ryan Jackson - Stellar Management
- Loan Type: Refinance
Matthew Lembo and Ryan Jackson are the key individuals representing Stellar Management in this refinancing agreement with Nuveen for the hotel at 666 West End Avenue.
Players
West End CRE Market Snapshot
Boundary boundary · CRE · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93