Premier Equities Secures $32M Refinance Loan For NoMad Hotel At 1141 Broadway
1141 Broadway
$32,000,000
$1,033/SF
Building Size
30,966 SF
Asset Type
Hotel
Closing
Jul 13, 2023
AI
A hotel property located at 1141 Broadway in the NoMad neighborhood of Manhattan has recently secured a refinancing loan. The property spans approximately 30,966 square feet and is owned by Premier Equities, represented by Uzi Ben Abraham.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $32,000,000
- Address: 1141 Broadway
- Market: NoMad, Manhattan
- Lender: Israel Discount Bank- Avi Lieberman & Jeremy Romine
- Landlord: Premier Equities - Uzi Ben Abraham
- Loan Type: Refinance
The refinancing loan for the hotel property at 1141 Broadway was provided by Israel Discount Bank, with Avi Lieberman and Jeremy Romine acting as the bank’s representatives. Premier Equities, led by Uzi Ben Abraham, owns the property and sought the refinance loan to meet its financial needs.
Players
Thunder Bay 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
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93