Synergy Hospitality Management Secures $64.5 Million Refinance Loan For East Elmhurst Hotel | 104-04 Ditmars Boulevard | Bsafal | Hotel | Loan

Summary

Loan

NEW YORK

Hotel

354,254 sqft

The hotel building located at 104-04 Ditmars Boulevard in East Elmhurst, Queens has recently undergone a refinance transaction. The borrower, Laguardia Associates, L.P., operating through Synergy Hospitality Management, secured a $64.5 million refinance loan from lender Bsafal Inc., through the entity Ba Lga Plaza Lender LLC.

Summary of transation details

Property Type: Hotel
Transaction Amount: $64,500,000
Square Footage: 354,254
Address: 104-04 Ditmars Boulevard, East Elmhurst, Queens
Market: East Elmhurst, Queens

The borrower, Synergy Hospitality Management, represented by Laguardia Associates, L.P., sought financial support to refinance the hotel building. Ameesh Agarwal from Bsafal Inc. facilitated the loan as the lender for this transaction.

Players

All
1

Lenders
1

Bsafal

Details

Deal Summary

FINANCED

IMAGE: Stephen Field DATE: 12/21/2023 ADDRESS: 104-04 Ditmars Boulevard MARKET: East Elmhurst, Queens ASSET TYPE: Hotel ~ SF: 354,254 LENDER: Ameesh Agarwal - Bsafal Inc LANDLORD: Stephen Field - Synergy Hospitality Management LOAN AMOUNT: $64,500,000 LOAN TYPE: Refinance NOTE: Synergy Hospitality Management, operating through the entity Laguardia Associates, L.P., secured a $64.5 million refinance loan from lender Bsafal Inc. through the entity Ba Lga Plaza Lender LLC for the hotel building at 104-04 Ditmars Boulevard in East Elmhurst, Queens.

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Address104-04 Ditmars Boulevard

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