BD Hotels Secures $45.9M Refinance Loan For Murray Hill Hotel
141 East 39th Street
$45,900,000
$585/SF
Building Size
78,415 SF
Asset Type
Hotel
Closing
Nov 1, 2023
About this deal
AI
The hotel building located at 141 East 39th Street in Murray Hill, Manhattan has been refinanced with a loan amount of $45,900,000. The property, owned by Richard Born of BD Hotels, is a 78,415 square foot hotel in the Murray Hill market of Manhattan.
Summary of transation details
- Property Type: Hotel
- Transaction Amount: $45,900,000
- Lender: Albert Burklen & Michael McAuliffe - Deka Immobilien
- Landlord: Richard Born - BD Hotels
- Loan Type: Refinance
BD Hotels, represented by BD Pod 39, LLC, secured a $45.9 million refinance loan from Deka Immobilien, facilitated by Dekabank Deutsche Girozentrale, for their hotel building located at 141 East 39th Street in Murray Hill, Manhattan.
On the Map
$45,900,000
$585/SF
Hotel
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93