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Anthony Rutledge Of HEI Hotels & Resorts Secures $240M Refinance From Smith Hill Capital For Hotel
FINANCED
$240,000,000
New York
See Similar DealsHotel517,158 SF
Financed 09/26/2025
FINANCED
Anthony Rutledge Of HEI Hotels & Resorts Secures $240M Refinance From Smith Hill Capital For Hotel
214 East 42nd Street
See Similar DealsHotel517,158 SF
Financed 09/26/2025
Summary
NEW YORK
Asset Type:Hotel
Price Per Square Foot:$464
Total Square Footage:517,158 SF
Transaction Type:Loan
The asset involved in this transaction is a hotel located at 214 East 42nd Street in Murray Hill, Manhattan. The property encompasses 517,158 square feet and is a notable hotel in the area.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $240,000,000
- Lender: Smith Hill Capital
- Landlord: Anthony Rutledge - HEI Hotels & Resorts
- Loan Type: Refinance
This transaction involved HEI Hotels & Resorts securing a refinance agreement with Smith Hill Capital specifically for the Westin New York Grand Central. The closing date of this transaction was noted as September 26, 2025.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$240,000,000.00
Monthly NOI$1,600,000.00
Monthly Debt Service$1,516,963.26
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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