Maxim Capital Group Refinances Hotel In FiDi For $22M With Adam Glick And Josh Greene. Brokered By Leviathan Capital's Max Goveia
11 Stone Street
$22,000,000
$385/SF
Building Size
57,022 SF
Asset Type
Hotel
Closing
Apr 26, 2022
About this deal
AI
A hotel located at 11 Stone St. in the FiDi neighborhood of New York City has recently undergone a refinancing transaction. The property, spanning approximately 57,022 square feet, was involved in the deal.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $22,000,000
- Market: FiDi
- Lender: Maxim Capital Group - Adam Glick & Josh Greene
- Broker: Leviathan Capital - Max Goveia
- Date: 04/26/2022
The refinancing transaction was facilitated by Leviathan Capital, with Max Goveia representing the brokerage. The lender, Maxim Capital Group, was represented by Adam Glick and Josh Greene.
On the Map
$22,000,000
$385/SF
Hotel
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Players
New York Hotel Market Snapshot
Boundary boundary · Hotel · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.72%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93