FINANCEDHotel
Capstone Equities And Republic Investment Group Secure $39M Refinancing For Hotel In Manhattan
17 West 32nd Street
$39,000,000
Building Size
—
Asset Type
Hotel
Closing
Dec 11, 2025
About this deal
AI
The asset involved in this transaction is a hotel located at 17 West 32nd Street in Penn Plaza, Manhattan. The refinancing secured for this property amounts to $39,000,000.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $39,000,000
- Lender: Bank of America
- Landlord: Joshua Zamir & Daniel Ghadamian - Capstone Equities; John Mathew - Republic Investment Group
- Loan Type: Refinance
This transaction was executed by Capstone Equities and Republic Investment Group through 17 W 32 St Owner LLC, which facilitated the refinancing with Bank of America for the hotel situated at 17 West 32nd St, Manhattan.
Players
Bank of AmericaLender
Capstone EquitiesLandlord
New York Hotel Market Snapshot
Boundary boundary · Hotel · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93