Rialto Capital Management Provides $59M Refinance Loan For Boerum Hill Hotel

The hotel located at 252 Schermerhorn Street in Boerum Hill has undergone a loan refinance transaction. The property, consisting of 287 keys, was the subject of this transaction.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $59,000,000
• Address: 252 Schermerhorn Street
• Market: Boerum Hill

The loan was provided by Rialto Capital Management. GFI Capital Resources Group, the landlord, facilitated the loan refinance. The brokers involved in the transaction were Aaron Appel, Jonathan Schwartz, Adam Schwartz, Keith Kurland, and Ari Hirt, who represented the parties on behalf of Walker & Dunlop.