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BD Hotels Secures $45.9M Refinance Loan For Murray Hill Hotel
FINANCED
$45,900,000
New York
See Similar DealsHotel78,415 SF
Financed 11/01/2023
FINANCED
BD Hotels Secures $45.9M Refinance Loan For Murray Hill Hotel
141 East 39th Street
See Similar DealsHotel78,415 SF
Financed 11/01/2023
Summary
NEW YORK
Asset Type:Hotel
Price Per Square Foot:$585
Total Square Footage:78,415 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$45,900,000.00
Monthly NOI$306,000.00
Monthly Debt Service$290,119.22
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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