Mack Real Estate Group Secures $235 Million Refinance Loan For Manhattan Hotel Properties

The assets involved in this transaction are seven hotel properties located at 339-341 West 39th Street, 343-345 West 39th Street, and 337 West 39th Street, situated in the Garment District of Manhattan. The loan is valued at $235,000,000, which is a refinance loan secured to replace $300,000,000 of prior debt from UBSCM 2018-NYCH.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $235,000,000
• Lender: Wells Fargo
• Landlord: William Mack, Richard Mack & Stephen Mack - Mack Real Estate Group
• Market: Garment District, Manhattan
• Loan Type: Refinance

Mack Real Estate Group, represented by William Mack, Richard Mack & Stephen Mack, was responsible for securing this refinancing arrangement with Wells Fargo, enhancing their portfolio in the competitive Manhattan market.