Richard Born Of BD Hotels Refinances Blakely Hotel In Midtown Manhattan For $20 Million

The property asset involved in this transaction is the Blakely Hotel located at 136 West 55th Street in the Midtown West neighborhood of Manhattan. This hotel encompasses a total square footage of 70,478. The refinance transaction was supported by a loan amount of $20,000,000 from Apple Bank.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $20,000,000
• Lender: Apple Bank
• Landlord: Richard Born - BD Hotels, Gerald Barad & Jay Domb
• Loan Type: Refinance

The individuals involved in this transaction include Richard Born, representing BD Hotels, along with his partners Gerald Barad and Jay Domb. They successfully refinanced the existing mortgage for the Blakely Hotel, aligning with their previous debt commitments.