FINANCED
Weihong Hu's H 317-319 LLC Secures $15M Construction Loan For Garment District Hotel
319 West 35th Street
Hotel
Financed 364 days ago
Summary
Loan
NEW YORK
Hotel
In the Garment District of Manhattan, a hotel project at 319 West 35th Street has secured a $15,000,000 construction loan from Shanghai Commercial Bank. This loan was obtained by Weihong Hu's H 317-319 LLC, and the deal was closed on April 26, 2023. The hotel project will consist of 166 units.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $15,000,000
- Address: 319 West 35th Street
- Market: Garment District, Manhattan
- Lender: Shanghai Commercial Bank
- Landlord: Weihong Hu
- Loan Type: Construction
Weihong Hu's H 317-319 LLC was able to secure a $15,000,000 construction loan from Shanghai Commercial Bank for their hotel project at 319 West 35th Street. The prior lender for this project was also Shanghai Commercial Bank. This loan will provide the necessary funds to complete the construction of the 166-unit hotel.
Players
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Lenders
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Details
FINANCED
IMAGE: 04/26/2023
ADDRESS: 319 West 35th Street
MARKET: Garment District, Manhattan
ASSET TYPE: Hotel ~ KEYS: 166
LENDER: Shanghai Commercial Bank
LANDLORD: Weihong Hu
LOAN AMOUNT: $15,000,000
LOAN TYPE: Construction
NOTE: Weihong Hu's H 317-319 LLC has secured a $20 million construction loan from Shanghai Commercial Bank for a 166-unit hotel project at 319 West 35th Street in the Garment District. The deal was closed on April 26, 2023, and the prior lender was also Shanghai Commercial Bank.View on map
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Address319 West 35th Street
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