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Issac Hera Of Yellowstone Real Estate Investments Secures $236M Loan For Hotel Renovation In Manhattan

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FINANCED
$236,000,000

New York

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Hotel
Financed 12/22/2025
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Property Image
FINANCED

Issac Hera Of Yellowstone Real Estate Investments Secures $236M Loan For Hotel Renovation In Manhattan

440 West 57th Street

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Hotel
Financed 12/22/2025
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Hotel
Transaction Type:Loan

The asset involved in this transaction is a hotel located at 440 West 57th Street in Hell’s Kitchen, Manhattan. The hotel spans a building square footage of 306,673. A construction loan of $236,000,000 was secured for renovation purposes, specifically to convert the H2 hotel into a 312-unit residential building.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: $236,000,000
  • Address: 440 West 57th Street
  • Market: Hell’s Kitchen, Manhattan
  • Lender: Barings
  • Landlord: Issac Hera - Yellowstone Real Estate Investments
  • Loan Type: Construction
  • Building Square Footage: 306,673
  • Renovation Plans Filed: March 2023
  • Plans Permitted: December 2025

This deal is represented by Issac Hera of Yellowstone Real Estate Investments, who is involved in the transformation of the property with plans to evolve the hotel into a residential space.

Players

Barings
Barings
LENDER
Yellowstone Real Estate Investments
Yellowstone Real Estate Investments
LANDLORD

Details

FINANCED
IMAGE: Issac Hera DATE: 12/22/2025 ADDRESS: 440 West 57th Street MARKET: Hell’s Kitchen, Manhattan ASSET TYPE: Hotel ~ BSF: 306,673 LENDER: Barings LANDLORD: Issac Hera - Yellowstone Real Estate Investments LOAN AMOUNT: $236,000,000 LOAN TYPE: Construction NOTE: Yellowstone Real Estate Investments secured a $236M renovation loan from Barings to convert the H2 hotel at 440 West 57th Street in Hell’s Kitchen into a 312-unit residential building, with plans filed in March 2023 and permitted in December 2025.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$236,000,000.00

Monthly NOI$1,573,333.33
Monthly Debt Service$1,491,680.54
Change in Cash Flow$0.00
Refinance Proceeds$0.00