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Moinian Group Secures $31.8M Refinance Loan From Wells Fargo For Aura Hotel Times Square
FINANCED
$31,800,000
New York
See Similar DealsHotel99,109 SF
Financed 12/05/2025
FINANCED
Moinian Group Secures $31.8M Refinance Loan From Wells Fargo For Aura Hotel Times Square
120 West 44th Street
See Similar DealsHotel99,109 SF
Financed 12/05/2025
Summary
NEW YORK
Asset Type:Hotel
Price Per Square Foot:$320
Total Square Footage:99,109 SF
Transaction Type:Loan
The asset involved is a hotel located at 120 West 44th Street in Midtown West, Manhattan, with a total square footage of 99,109. The property secured a refinance loan amounting to $31,800,000 from Wells Fargo, which serves to replace the existing Series 2017-CD6 debt.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $31,800,000
- Lender: Wells Fargo
- Landlord: Joseph Moinian - The Moinian Group; Justin Adelipour & Jacob Orfali
- Loan Type: Refinance
This transaction involves several key figures, including Joseph Moinian from The Moinian Group, who is the landlord, alongside Justin Adelipour and Jacob Orfali, who are also involved in the deal. The refinancing effort supports the Moinian Group’s Aura Hotel Times Square, reflecting a strategic financial maneuver in the market.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$31,800,000.00
Monthly NOI$212,000.00
Monthly Debt Service$200,997.63
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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