Izak Senbahar Of Alexico Group Secures $345M Refinance For The Mark Hotel In Manhattan

The Mark Hotel is a hotel asset located at 25 East 77th Street in Manhattan, featuring 153 keys. The property underwent a balance-sheet refinance transaction amounting to $345,000,000, with Deutsche Bank as the lead lender, alongside J.P. Morgan Chase and BDT & MSD Partners participating in the financing arrangement.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $345,000,000
• Lender: Deutsche Bank, J.P. Morgan Chase, BDT & MSD Partners
• Landlord: Izak Senbahar - Alexico Group
• Brokers: Sean Reimer, Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Dustin Stolly, Jonathan Morrow - Walker & Dunlop
• Loan Type: Refinance

Walker & Dunlop facilitated the negotiation of the refinancing deal for The Mark Hotel, representing the interests of Alexico Group in the transaction.