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Albert Rabil III Secures $221.4M Refinance From Atlas Capital Group For Hotel In Brooklyn Heights
FINANCED
$221,400,000
New York
See Similar DealsHotel
Financed
FINANCED
Albert Rabil III Secures $221.4M Refinance From Atlas Capital Group For Hotel In Brooklyn Heights
21 Clark Street
See Similar DealsHotel
Financed
Summary
NEW YORK
Asset Type:Hotel
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$221,400,000.00
Monthly NOI$1,476,000.00
Monthly Debt Service$1,399,398.60
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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