Helm Management Secures $49.9M Refinance Loan From JPMorgan Chase For Aliz Hotel Times Square

The Aliz Hotel Times Square building, located at 310 West 40th Street in Manhattan's Garment District, has secured a refinancing loan valued at $49.9 million from JPMorgan Chase. The property, with a square footage of 114,917, was previously financed by an entity with Cindy Zhang as the signatory, originating with a $40 million loan.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $49,900,000
• Market: Garment District, Manhattan
• Lender: JPMorgan Chase
• Landlord: Abraham Noy & Evan Noy - Helm Management
• Loan Type: Refinance

Helm Management, represented by Abraham Noy, successfully secured the refinancing loan for the Aliz Hotel Times Square building. The transaction involved transitioning the financing from the previous entity to JPMorgan Chase, with the current loan amount reflecting an increase to $49.9 million from the original $40 million.