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

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.