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Capstone Equities And Republic Investment Group Secure $39M Refinancing For Hotel In Manhattan
FINANCED
$39,000,000
New York
See Similar DealsHotel
Financed 12/11/2025
FINANCED
Capstone Equities And Republic Investment Group Secure $39M Refinancing For Hotel In Manhattan
17 West 32nd Street
See Similar DealsHotel
Financed 12/11/2025
Summary
NEW YORK
Asset Type:Hotel
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$39,000,000.00
Monthly NOI$260,000.00
Monthly Debt Service$246,506.53
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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