Atlas Hospitality Secures $41.5M Refinance Loan For Financial District Hotel | 120-122 Water Street | Bank of America | Hotel | Loan

Summary

Loan

NEW YORK

Hotel

108,864 sqft

The 54,432 square foot hotel located at 120-122 Water Street in the Financial District of Manhattan has been the subject of a refinancing deal. Balram Kakkar & Vinod Chand of Atlas Hospitality are the landlords of this property.

Summary of transaction details:

Property Type: Hotel
Transaction Amount: $41,500,000
Address: 120-122 Water Street
Market: Financial District, Manhattan
Lender: John Grassia - Bank of America

The $41.5 million refinance loan for the 128-key hotel building at 120-122 Water Street was secured from Bank of America by Atlas Hospitality, operating as 120-122 Water Street LLC.

Players

All
1

Lenders
1

Bank of America

Details

Deal Summary

FINANCED

IMAGE: Balram Kakkar & Vinod Chand DATE: 01/30/2024 ADDRESS: 120-122 Water Street MARKET: Financial District, Manhattan ASSET TYPE: Hotel ~ SF: 54,432 LENDER: John Grassia - Bank of America (@BankofAmerica) LANDLORD: Balram Kakkar & Vinod Chand - Atlas Hospitality LOAN AMOUNT: $41,500,000 LOAN TYPE: Refinance NOTE: Atlas Hospitality, operating as 120-122 Water Street LLC, secures a $41.5 million refinance loan from Bank of America for the 128-key hotel building located at 120-122 Water Street in the Financial District of Manhattan.

View on map

Address120-122 Water Street

Comparables

This user does not have deals with the selected filters yet.
Reset filters to show results.