Michael Barry Of Ironstate Development Secures $35 Million Refinance Loan For The Standard East Village Hotel

The Standard East Village hotel, located at 25 Cooper Square in the East Village neighborhood of Manhattan, is the property asset involved in this transaction. It underwent a refinance process with a new loan amounting to $35,000,000 from East West Bank, which decreased the prior debt from $40,000,000 held by M&T Bank.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $35,000,000
• Lender: East West Bank
• Landlord: Michael Barry - Ironstate Development
• Date of Transaction: 08/01/2025

Michael Barry represents Ironstate Development in the refinance transaction for The Standard East Village hotel, which is managed under Cooper AB, LLC. The previous financing relationship with M&T Bank has been transitioned to East West Bank with this new loan structure.