Rialto Capital Provides $195M Refinance Loan For Hudson Yards Hotel
461 West 34th Street, New York City, New York 10001, United States
$195,000,000
$891/SF
Building Size
218,640 SF
Asset Type
Hotel
Closing
May 11, 2022
About this deal
AI
The property involved in the transaction is a hotel located at 461-469 West 34th Street in Hudson Yards. The hotel has a total square footage of 218,640. The transaction took place on 05/12/2022.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $195,000,000
Rialto Capital served as the lender for the transaction, providing a loan amount of $195,000,000. The loan type for this transaction was a refinance. Marx Development Group is the landlord.
The hotel loan at 461 West 34th Street, New York City, New York 10001, United States in New York, New York financed for $195M in 2022. The building is 218,640 square feet, implying about 891 per square foot on the published price. This page is the New York, New York file for the 461 West 34th Street, New York City, New York 10001, United States hotel financed: pricing, party profiles, and other closed hotel comps from the same New York sit in the Market section below. Filter that New York hotel set by closing date to see what else financed near 461 West 34th Street, New York City, New York 10001, United States around 2022. Published consideration for 461 West 34th Street, New York City, New York 10001, United States is $195M, dated 2022. Cite this Rialto Capital Provides $195M Refinance Loan For Hudson Yards Hotel loan when underwriting similar hotel product around New York, New York.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93