Krishna Mehta Secures $63 Million Refinance Loan For Hotel At 334 West 40th Street

The asset involved in this transaction is a hotel located at 334 West 40th Street in Manhattan's Garment District. This property spans a total area of 131,921 square feet and is part of a refinancing deal that secured $63 million. The lender for this transaction is New York Life Insurance Company.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $63,000,000
• Address: 334 West 40th Street
• Market: Garment District, Manhattan
• Asset Size: 131,921 SF
• Lender: New York Life Insurance
• Landlord: Krishna Mehta
• Loan Type: Refinance

Krishna Mehta, through 340 West 40 Realty, LLC, was the individual who secured the refinancing loan from New York Life Insurance Company for the hotel property at the specified address. This transaction illustrates the role of both the landlord and the lender in the refinancing process for this hotel asset.