Queensgate Investments Modifies $147.2M Loan For Kips Bay Hotel | 135 East 23rd Street | Hotel | Loan

Summary

Loan

NEW YORK

Hotel

163,311 sqft

A 26-unit hotel building located at 135 East 23rd Street in Kips Bay, Manhattan has undergone a loan modification agreement. Queensgate Investments, represented by 23 Lexington Associates LLC, has secured a $147.2 million loan from Trimont, a loan servicer.

Summary of transation details

Property Type: Hotel
Transaction Amount: $147,200,000
Market: Kips Bay, Manhattan
Square Footage: 163,311
Units: 26

Queensgate Investments, through their representative 23 Lexington Associates LLC, has entered into a loan modification agreement with Trimont for a hotel property located at 135 East 23rd Street in Kips Bay, Manhattan. The loan amount is $147.2 million.

Details

Deal Summary

FINANCED

IMAGE: 11/06/2023 ADDRESS: 135 East 23rd Street MARKET: Kips Bay, Manhattan ASSET TYPE: Hotel ~ SF: 163,311 ~ UNITS: 26 LANDLORD: Renai Venables - Queensgate Investments LOAN AMOUNT: $147,200,000 NOTE: Queensgate Investments, represented by 23 Lexington Associates LLC, has entered into a $147.2 million loan modification agreement with Trimont, a loan servicer, for a 26-unit hotel building located at 135 East 23rd Street in Kips Bay, Manhattan.

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Address135 East 23rd Street

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