facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Hotel

/

Loan

/

27 Grand Street

Thor Equities Secures $53.5 Million Refinance Loan For Hotel At 27 Grand Street
FINANCEDHotel

Thor Equities Secures $53.5 Million Refinance Loan For Hotel At 27 Grand Street

27 Grand Street

$53,500,000

Building Size

Asset Type

Hotel

Closing

Oct 7, 2025

AI

The asset involved in the transaction is a hotel located at 27 Grand Street in the SoHo market of Manhattan. The loan amount for this refinance transaction is $53,500,000.

Summary of transaction details:

The individuals representing Thor Equities in this transaction include Rob Turner, Adam Licari, Auston Ingram, and Michael Smilove, all affiliated with Eastdil Secured. Their involvement highlights the professional representation behind the refinancing of the hotel asset.

Players

Rob Turner

Eastdil Secured

Broker

$12.1B

vol

30 deals

Broker
Eastdil Secured
Eastdil SecuredBrokerage
Thor Equities
Thor EquitiesLandlord

New York Hotel Market Snapshot

Boundary boundary · Hotel · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.30%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93