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Nabil Chartouni Secures $16M Refinance Loan For Lenox Hill Hotel
FINANCED
$16,000,000
New York
See Similar DealsHotel
Financed 04/10/2024
FINANCED
Nabil Chartouni Secures $16M Refinance Loan For Lenox Hill Hotel
28 East 63rd Street
See Similar DealsHotel
Financed 04/10/2024
Summary
NEW YORK
Asset Type:Hotel
Transaction Type:Loan
The Lowell Hotel building at 28 East 63rd Street in Lenox Hill, Manhattan, was the subject of a $16 million refinance loan secured by Nabil Chartouni, represented by Lowell Hotel Properties LLC, from Bank of America.
Summary of transation details:
- Property Type: Hotel
- Transaction Amount: $16,000,000
- Address: 28 East 63rd Street
- Market: Lenox Hill, Manhattan
- Lender: Bank of America
- Landlord: Nabil Chartouni
- Loan Type: Refinance
Nabil Chartouni, with representation from Lowell Hotel Properties LLC, successfully secured a $16 million refinance loan from Bank of America for the Lowell Hotel building, located at 28 East 63rd Street in Lenox Hill, Manhattan.
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LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$16,000,000.00
Monthly NOI$106,666.67
Monthly Debt Service$101,130.88
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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