Moinian Group Secures $31.8M Refinance Loan From Wells Fargo For Aura Hotel Times Square
120 West 44th Street
$31,800,000
$320/SF
Building Size
99,109 SF
Asset Type
Hotel
Closing
Dec 5, 2025
About this deal
AI
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.
On the Map
$31,800,000
$320/SF
Hotel
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Players
New York 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