AMTD Group Secures $50.4 Million Refinance From East West Bank For Hotel In Tribeca
39 6th Avenue
$50,400,000
$772/SF
Building Size
65,283 SF
Asset Type
Hotel
Closing
Aug 5, 2026
About this deal
AI
The asset involved in this transaction is a hotel located at 39 6th Avenue in the Tribeca market of Manhattan, consisting of 65,283 square feet. AMTD Group secured a refinance loan amounting to $50,400,000 for the property, which is aimed at replacing a prior debt of $58.6 million.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $50,400,000
- Loan Type: Refinance
- Lender: East West Bank
- Landlord: AMTD Group
The transaction was executed by AMTD Group as the landlord, collaborating with East West Bank for the refinancing effort. This strategic move facilitates the management of existing debt associated with the property at 39 6th Avenue.
On the Map
$50,400,000
$772/SF
Hotel
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93