Ramsfield Hospitality Finance & AB CarVal Provide $50.5M Mortgage Financing For Thor Equities' West SoHo Hotel

27 Grand Street, New York City, New York 10013, United States

$50,500,000

Building Size

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Asset Type

Hotel

Closing

Oct 24, 2022

AI

Located at 27 Grand St, in the West SoHo market, this hotel is a part of the impressive portfolio owned by Thor Equities. With a total of 114 keys, this property offers ample accommodation for guests.

Summary of transaction details

Property Type: Hotel
Transaction Amount: $50,500,000
Lender: Ramsfield Hospitality Finance & AB CarVal
Landlord: Thor Equities
Loan Type: Mortgage financing

The financing for this deal was secured through a mortgage financing arrangement provided by Ramsfield Hospitality Finance and AB CarVal. This loan of $50,500,000 allowed Thor Equities to acquire and develop this hotel property, further strengthening their presence in the hospitality market. The collaboration with the lenders highlights their belief in the project's potential for success.

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