Deutsche Bank Provides $80,000,000 Refinance Loan To GEHR Hospitality For Manhattan Hotel
330 West 40th Street
$80,000,000
Building Size
—
Asset Type
Hotel
Closing
Jun 1, 2026
AI
The asset involved in this transaction is a hotel located at 330 West 40th Street in Manhattan. The loan associated with this property amounts to $80,000,000, categorized as a refinance loan.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $80,000,000
- Lender: Deutsche Bank
- Landlord: GEHR Hospitality
- Broker: Beau Williams - ThirtyFourth Capital
- Loan Type: Refinance
The transaction involves key stakeholders, including Deutsche Bank serving as the lender and GEHR Hospitality as the landlord. Beau Williams from ThirtyFourth Capital represents the broker in this deal.
Players
New York Hotel Market Snapshot
Boundary boundary · Hotel · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93