Jeffrey Lam's Lam Generation Refinances Chelsea Hotel At 112 West 25th Street For $123M

The asset involved in this transaction is a hotel located at 112 West 25th Street in Chelsea, Manhattan. The property encompasses a total square footage of 185,831. The recent financial activity includes a loan amounting to $123 million intended for refinancing purposes.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $123,000,000
• Lender: Deutsche Bank
• Landlord: Jeffrey Lam - Lam Generation
• Previous Mortgage: $120,000,000 from MetLife

The loan refinancing for the hotel was executed by Lam Generation, under the leadership of Jeffrey Lam, who is actively involved in managing the property and its financial engagements.