Mack Real Estate Credit Strategies Secures $300M Loan For Hudson Yards, Chelsea Hotel

The property in question is located at 343 West 39th Street, 337 West 39th Street, and 108 West 24th Street in the Hudson Yards and Chelsea markets. This asset is a hotel with a total square footage of 333,396. The loan for this transaction was provided by UBSCM 2018-NYCH in the amount of $300,000,000. The landlord in this deal is Mack Real Estate Credit Strategies.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $300,000,000
• Address: 343 West 39th Street, 337 West 39th Street, 108 West 24th Street
• Market: Hudson Yards, Chelsea
• Loan Lender: UBSCM 2018-NYCH
• Landlord: Mack Real Estate Credit Strategies
• Square Footage: 333,396

The key individuals and companies involved in this transaction are the lender, UBSCM 2018-NYCH, and the landlord, Mack Real Estate Credit Strategies. They were instrumental in facilitating this loan deal for the hotel property located at 343 West 39th Street, 337 West 39th Street, and 108 West 24th Street. This transaction showcases the collaboration between the lending institution and the landlord in the real estate market.