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Isaac Chetrit, Eli Chetrit, Ray Yadidi & Jack Yadidi Secure $140M Refinance For Midtown South Hotel

Property Image
FINANCED
$140,000,000
Eli Chetrit
Isaac Chetrit
Ray Yadidi

New York

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Hotel620,000 SF
Financed 07/10/2025
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Property Image
FINANCED

Isaac Chetrit, Eli Chetrit, Ray Yadidi & Jack Yadidi Secure $140M Refinance For Midtown South Hotel

371 Seventh Avenue

See Similar Deals
Hotel620,000 SF
Financed 07/10/2025
Eli Chetrit
Isaac Chetrit
Ray Yadidi
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Hotel
Price Per Square Foot:$225
Total Square Footage:620,000 SF
Transaction Type:Loan

The asset involved in this transaction is a hotel located at 371 Seventh Avenue, positioned in the Midtown South market. This property encompasses a total square footage of 620,000 and includes 620 keys. The transaction consists of a refinance loan amounting to $140,000,000.

Summary of transation details:

  • Property Type: Hotel
  • Transaction Amount: $140,000,000
  • Address: 371 Seventh Avenue
  • Market: Midtown South
  • Square Footage: 620,000
  • Keys: 620
  • Lender: Valley Bank
  • Landlord: Isaac Chetrit, Eli Chetrit, Ray Yadidi & Jack Yadidi
  • Loan Type: Refinance

The key individuals behind this transaction include Isaac Chetrit, Eli Chetrit, Ray Yadidi, and Jack Yadidi, who collectively represent the landlord in this deal, collaborating with Valley Bank as the lender to complete the refinancing process.

Players

Silicon Valley Bank
Silicon Valley Bank
LENDER
Eli Chetrit
Eli Chetrit
8 deals$1.3B volume
LANDLORD
Isaac Chetrit
Isaac Chetrit
10 deals$1.4B volume
LANDLORD
Ray Yadidi
Ray Yadidi
11 deals$1.1B volume
LANDLORD

Details

FINANCED
IMAGE: Ray Yadidi, Isaac Chetrit & Eli Chetrit DATE: 7/10/2025 ADDRESS: 371 Seventh Avenue MARKET: Midtown South ASSET TYPE: Hotel ~ SF: 620,000 ~ KEYS: 620 LENDER: Valley Bank (@ValleyBank) LANDLORD: Isaac Chetrit, Eli Chetrit, Ray Yadidi & Jack Yadidi LOAN AMOUNT: $140,000,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$140,000,000.00

Monthly NOI$933,333.33
Monthly Debt Service$884,895.23
Change in Cash Flow$0.00
Refinance Proceeds$0.00