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Metrovest Equities And BLDG Management Refinance East Hampton Hotel For $217.5M With Deutsche Bank

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FINANCED
$219,000,000
Dustin Stolly
Christopher (Chris) Kramer
+ 2

New York

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Hotel
Financed 12/01/2021
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Property Image
FINANCED

Metrovest Equities And BLDG Management Refinance East Hampton Hotel For $217.5M With Deutsche Bank

290 Old Montauk Highway, East Hampton, NY, USA

See Similar Deals
Hotel
Financed 12/01/2021
Dustin Stolly
Christopher (Chris) Kramer
+ 2
Contact now

Summary

NEW YORK
Asset Type:Hotel
Transaction Type:Loan

A hotel property located at 290 Old Montauk Highway in East Hampton has recently undergone a refinancing transaction. The property, owned by George Filopoulos of Metrovest Equities and Matthew Joblon of BLDG Management, is situated in a thriving market in East Hampton.

Summary of transaction details

  • Property Type: Hotel
  • Transaction Amount: $217,500,000
  • Address: 290 Old Montauk Highway, East Hampton

The financing for this transaction was provided by Deutsche Bank. Representing the lender in the deal were Dustin Stolly, Jordy Roeschlaub, Chris Kramer, Nick Scribani, and Jake Neeb from Newmark.

This refinancing deal highlights the collaboration between the property owners, George Filopoulos and Matthew Joblon, and the lender, Deutsche Bank. The involvement of Dustin Stolly, Jordy Roeschlaub, Chris Kramer, Nick Scribani, and Jake Neeb from Newmark as the lender's representatives further demonstrates the thoroughness of the transaction.

Players

Dustin Stolly
264 deals$49.1B volume
BROKER

Nick Scribani
Newmark
191 deals$55.1B volume(212) 372-2113
BROKER

Christopher (Chris) Kramer
Newmark
112 deals$21.8B volume(212) 850-5472
BROKER

Jake Neeb
Newmark
3 deals$816.5M volume
BROKER

Jordan (Jordy) Roeschlaub
Newmark
321 deals$96.2B volume
BROKER

Deutsche Bank
LENDER

Details

FINANCED
IMAGE: Jordy Roeschlaub, Dustin Stolly, George Filopoulos, Chris Kramer, Llyod Goldman & Nick Scribani DATE: 12/01/2021 ADDRESS: 290 Old Montauk Highway MARKET: East Hampton ASSET TYPE: Hotel LENDER: Deutsche Bank LANDLORD: George Filopoulos - Metrovest Equities & Matthew Joblon - BLDG Management LENDER'S REP: Dustin Stolly, Jordy Roeschlaub, Chris Kramer, Nick Scribani & Jake Neeb - Newmark LOAN AMOUNT: $217,500,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$219,000,000.00

Monthly NOI$1,460,000.00
Monthly Debt Service$1,384,228.97
Change in Cash Flow$0.00
Refinance Proceeds$0.00