Daily limit: 0/10
W&L Group Secures $14.9 Million Refinancing Loan For Hotel At 11 West 37th Street
FINANCED
$14,900,000
New York
See Similar DealsHotel28,059 SF
Financed 03/04/2025
FINANCED
W&L Group Secures $14.9 Million Refinancing Loan For Hotel At 11 West 37th Street
11 West 37th Street
See Similar DealsHotel28,059 SF
Financed 03/04/2025
Summary
NEW YORK
Asset Type:Hotel
Price Per Square Foot:$531
Total Square Footage:28,059 SF
Transaction Type:Loan
The property asset involved in this transaction is a hotel located at 11 West 37th Street in the Grand Central area of Manhattan. This hotel has a square footage of 28,059 and has recently secured a refinance loan.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $14,900,000
- Lender: CTBC Bank
- Landlord: W&L Group
- Loan Type: Refinance
The deal was facilitated by W&L Group, which secured the refinancing loan from CTBC Bank, thereby enhancing its financial position related to the hotel property in Manhattan.
Players
LENDER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$14,900,000.00
Monthly NOI$99,333.33
Monthly Debt Service$94,178.14
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions