School Of Visual Arts Secures $13.6M Refinance Loan For Gramercy Women's Residence | 17 Gramercy Park South (The Gramercy Women's Residence) | Lakeland Bank | Hotel | Loan

Summary

Loan

NEW YORK

Hotel

The School of Visual Arts, represented by Chelgram Holding Corporation, has secured a refinancing loan worth $13.6 million for the Gramercy Women's Residence at 17 Gramercy Park South in Manhattan. The loan was provided by Lakeland Bank.

Summary of transaction details

Property Type: Hotel
Transaction Amount: $13,616,291
Address: 17 Gramercy Park South, Gramercy, Manhattan
Market: Gramercy, Manhattan
Lender: Lakeland Bank
Landlord: School of Visual Arts - David Rhodes

This refinance deal involves the Gramercy Women's Residence located at 17 Gramercy Park South in Manhattan. The property, currently owned by the School of Visual Arts and represented by Chelgram Holding Corporation, has secured a refinancing loan of $13.6 million from Lakeland Bank. This loan will enable the School of Visual Arts to optimize their financial position and continue providing top-notch accommodation services for the Gramercy Women's Residence.

Players

All
1

Lenders
1

Lakeland Bank

Details

Deal Summary

FINANCED

IMAGE: David Rhodes DATE: 08/18/2023 ADDRESS: 17 Gramercy Park South (The Gramercy Women's Residence) MARKET: Gramercy, Manhattan ASSET TYPE: Hotel LENDER: Lakeland Bank (@lakelandbank) LANDLORD: School of Visual Arts (@svanyc) - David Rhodes LOAN AMOUNT: $13,616,291 LOAN TYPE: Refinance NOTE: The School of Visual Arts, represented by Chelgram Holding Corporation, secured a refinancing loan worth $13.6 million from Lakeland Bank for the Gramercy Women’s Residence at 17 Gramercy Park South in Manhattan.

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Address17 Gramercy Park South (The Gramercy Women's Residence)

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