G4 Capital Partners Funds $95M Recap Loan For Williamsburg Hotel By Lighstone Group

The hotel located at 353 Bedford Avenue in Williamsburg, Brooklyn spans across 90,000 square feet. The recently completed hotel operated by Moxy Williamsburg was subjected to a recapitalization loan amounting to $95,000,000. The financing for the property was initially provided by G4 Capital Partners during its construction phase.

Summary of transation details:

• Property Type: Hotel
• Transaction Amount: $95,000,000
• Lender: G4 Capital Partners
• Landlord: Lighstone Group
• Broker: Benjamin Nevid - Meridian Capital Group
• Loan Terms: G4 originally provided the construction financing for the Moxy Williamsburg in 2021 and recently provided the recap loan once construction was complete and the hotel was operating and open.

Aside from G4 Capital Partners providing the financing, the other key professionals involved in this transaction include Robert Palumbo from G4 Capital Partners, Robyn Sorid and Jason Behfarin from Lighstone Group, and Christopher Goetz and Louis Silverman from the Meridian Capital Group, with Benjamin Nevid leading the brokerage efforts.