Dime Community Bank Provides $24.9M Refinance Loan For NoMad Hotel On East 30th Street
FINANCED
$24,895,000
New York
See Similar DealsHotel50,997 SF
Financed 08/11/2022
FINANCED
Dime Community Bank Provides $24.9M Refinance Loan For NoMad Hotel On East 30th Street
16-18 East 30th Street, New York City, New York 10016, United States
See Similar DealsHotel50,997 SF
Financed 08/11/2022
Summary
NEW YORK
Asset Type:Hotel
Price Per Square Foot:$488
Total Square Footage:50,997 SF
Transaction Type:Loan
The property involved in this closed transaction is a hotel located at 16-18 East 30th Street in the NoMad market. The hotel spans approximately 50,997 square feet. The loan transaction took place on August 11, 2022.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $24,895,000
- Address: 16-18 East 30th Street
- Market: NoMad
- Lender: Dime Community Bank
- Landlord: Jasmin Patel
- Loan Type: Refinance
Dime Community Bank provided the loan amount of $24,895,000 for the refinancing of the hotel property at 16-18 East 30th Street. Jasmin Patel serves as the landlord in this transaction.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$24,895,000.00
Monthly NOI$165,966.67
Monthly Debt Service$157,353.33
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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