Terrence Lowenberg & Todd Cohen Of Icon Realty Management Secures $48.5M Refinance For The Moore Hotel

The Moore Hotel is located at 300 West 22nd Street in the Chelsea market of Manhattan, featuring 81 keys within its asset framework. This hotel property has recently been involved in a refinancing transaction amounting to $48,500,000 through Webster Bank.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $48,500,000
• Lender: Webster Bank
• Borrower: Terrence Lowenberg & Todd Cohen - Icon Realty Management
• Brokers: Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Dustin Stolly, Sean Reimer & Michael Ianno - Walker & Dunlop
• Loan Type: Refinance

The transaction is represented by a team of brokers from Walker & Dunlop, including Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Dustin Stolly, Sean Reimer, and Michael Ianno, who facilitated the refinancing for the borrowers, Terrence Lowenberg and Todd Cohen, both affiliated with Icon Realty Management.