Morris Oiring Refinances Albany Hotel With $7.7M Loan From Christopher Moon
FINANCED
$7,719,930
New York
See Similar DealsHotel159,000 SF
Financed 01/06/2023
FINANCED
Morris Oiring Refinances Albany Hotel With $7.7M Loan From Christopher Moon
300 Broadway
See Similar DealsHotel159,000 SF
Financed 01/06/2023
Summary
NEW YORK
Asset Type:Hotel
Price Per Square Foot:$48
Total Square Footage:159,000 SF
Transaction Type:Loan
Morris Oiring, the landlord of the property located at 300 Broadway in Albany, has secured a refinance loan for the hotel asset. The loan was obtained from Christopher Moon, the lender, for a total amount of $7,719,930.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $7,719,930
- Address: 300 Broadway, Albany
- Market: Albany
The deal was facilitated by the following brokers: Cory Mais and Sammy Kapoor from Empire Business Management, and Michael Steinberg from HedgeStone Business Advisors.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$7,719,930.00
Monthly NOI$51,466.20
Monthly Debt Service$48,795.21
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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