Axos Bank Provides $6.6 Million Refinance For 50-Key Hotel In Long Island City

A hotel property located at 30-13 31st Street in Long Island City spans 25,629 square feet and features 50 keys. Recently, a refinancing loan of $6,600,000 was arranged for this asset.

Summary of transation details:

• Property Type: Hotel
• Transaction Amount: $6,600,000
• Lender: Axos Bank
• Brokers: Zev Feder & Satyam Patel - Meridian Capital Group
• Market: Long Island City

The transaction was facilitated by Zev Feder and Satyam Patel, both of whom are representatives from Meridian Capital Group. They are known for providing tailored financing solutions across various asset classes.