Joseph E. Teichman Of Lightstone Group Secures $86M Refinance Loan For Hotel In Williamsburg, Brooklyn

The hotel building at 361 Bedford Avenue in Williamsburg, Brooklyn, is the asset involved in this transaction. This property, housing Marriott International’s Moxy Brooklyn Williamsburg, spans 61,891 square feet and belongs to Joseph E. Teichman of the Lightstone Group. The refinance loan amount for this hotel building is $86,000,000.

Summary of transation details:

• Property Type: Hotel
• Transaction Amount: $86,000,000
• Address: 361 Bedford Avenue
• Market: Williamsburg, Brooklyn
• Lender: Armando Estrada - Western Alliance Bank
• Landlord: Joseph E. Teichman - Lightstone Group
• Loan Type: Refinance

Joseph E. Teichman of the Lightstone Group secured the $86 million refinance loan from Western Alliance Bank for the hotel building housing Marriott International’s Moxy Brooklyn Williamsburg, located at 361 Bedford Avenue in Williamsburg, Brooklyn. Armando Estrada from Western Alliance Bank served as the lender in this transaction.