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MCR Secures $30M Refinance Loan For Royalton New York Hotel In Midtown West, Manhattan

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FINANCED
$30,000,000

New York

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Hotel103,750 SF
Financed 11/29/2023
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Property Image
FINANCED

MCR Secures $30M Refinance Loan For Royalton New York Hotel In Midtown West, Manhattan

47 West 43rd Street

See Similar Deals
Hotel103,750 SF
Financed 11/29/2023
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Hotel
Price Per Square Foot:$289
Total Square Footage:103,750 SF
Transaction Type:Loan

The Royalton New York hotel building located at 47 West 43rd Street in Midtown West, Manhattan has secured a $30 million refinance loan from Maxim Capital Group. The hotel spans approximately 103,750 square feet and is owned by MCR, represented by William White.

Summary of transaction details

  • Property Type: Hotel
  • Transaction Amount: $30,000,000
  • Address: 47 West 43rd Street
  • Market: Midtown West, Manhattan

Eric Chan from Maxim Capital Group acted as the lender in this refinance loan deal. William White, representing MCR, was the landlord in the transaction.

MCRopp New York Royal44 LLC, a subsidiary of MCR, obtained the $30 million loan from Maxim Capital Group to refinance the Royalton New York hotel. Located in Midtown West, Manhattan, the hotel is situated at 44 West 44th Street or 47 West 43rd Street.

Players

Maxim Capital Group
Maxim Capital Group
LENDER
WW
William White
2 deals$30M volume
LANDLORD

Details

FINANCED
IMAGE: William White DATE: 11/29/2023 ADDRESS: 47 West 43rd Street MARKET: Midtown West, Manhattan ASSET TYPE: Hotel ~ SF: 103,750 LENDER: Eric Chan - Maxim Capital Group (@MaximCapitalGroup) LANDLORD: William White - MCR LOAN AMOUNT: $30,000,000 LOAN TYPE: Refinance NOTE: MCR, through its entity MCRopp New York Royal44 LLC, secured a $30 million refinance loan from Maxim Capital Group for the Royalton New York hotel building in Midtown West, Manhattan, located at 44 West 44th Street or 47 West 43rd Street.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$30,000,000.00

Monthly NOI$200,000.00
Monthly Debt Service$189,620.41
Change in Cash Flow$0.00
Refinance Proceeds$0.00