Albert Rabil III Secures $221.4M Refinance From Atlas Capital Group For Hotel In Brooklyn Heights
21 Clark Street
$221,400,000
Building Size
—
Asset Type
Hotel
Closing
Feb 12, 2026
About this deal
AI
The transaction involves a hotel asset located at 21 Clark Street in Brooklyn Heights, Brooklyn. The property encompasses a total square footage of 356,000 and is affiliated with the Watermark assisted living facility. The lender for this transaction is Atlas Capital Group, providing financial support through a refinance loan.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $221,400,000
- Lender: Atlas Capital Group
- Landlord: Albert Rabil III - Kayne Anderson & Invesco
- Loan Type: Refinance
Kayne Anderson and Invesco have successfully secured the refinance loan, signifying their role in managing the financing for the property. Albert Rabil III represents the Landlord in this transaction, consolidating the partnership with Atlas Capital Group for the refinance agreement.
On the Map
$221,400,000
Hotel
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Players
Brooklyn 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
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93