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11 Stone Street

Maxim Capital Group Refinances Hotel In FiDi For $22M With Adam Glick And Josh Greene. Brokered By Leviathan Capital's Max Goveia
FINANCEDHotel

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

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:

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.

Players

Max Goveia

Leviathan Capital

Broker

$56.1M

vol

7 deals

Broker
Adam Glick

Adam Glick

Maxim Capital Group

Lender

$1B

vol

27 deals

Lender
Maxim Capital Group
Maxim Capital GroupLender

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