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KSL Capital Partners Secures $23M Refinance Loan For South Ozone Park Hotel
FINANCED
$22,951,700
New York
See Similar DealsHotel
Financed 11/28/2023
FINANCED
KSL Capital Partners Secures $23M Refinance Loan For South Ozone Park Hotel
148-18 134th Street
See Similar DealsHotel
Financed 11/28/2023
Summary
NEW YORK
Asset Type:Hotel
Transaction Type:Loan
The hotel building located at 148-18 134th Street in South Ozone Park, Queens has secured a refinancing loan of $22,951,700. The loan was obtained by KSL Capital Partners, represented by Kevin Rohnstock, for the property that was acquired earlier this year from Hersha Hospitality Trust.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $22,951,700
- Lender: John Gordon Nico - Wells Fargo & Jonathan Misher - Citibank
- Landlord: Kevin Rohnstock - KSL Capital Partners
- Loan Type: Refinance
Kevin Rohnstock, representing KSL Capital Partners, successfully secured the $23 million refinancing loan for the hotel in South Ozone Park, Queens. The loan was obtained from John Gordon Nico of Wells Fargo and Jonathan Misher of Citibank.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$22,951,700.00
Monthly NOI$153,011.33
Monthly Debt Service$145,070.36
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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