Square Mile Capital Management Provides $330M Loan For Hotel In New York
485 Fashion Ave, New York, NY, 10018
$330
Building Size
—
Asset Type
Hotel
Closing
Jan 15, 2016
About this deal
AI
The hotel located at 485 Fashion Ave, New York, NY, 10018, in the bustling market of New York, was involved in a loan transaction on January 15, 2016. Square Mile Capital Management provided a loan amount of $330.00 for this asset.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $330.00
- Address: 485 Fashion Ave, New York, NY, 10018
- Lender: Square Mile Capital Management
- Lender's Representative: Employee, Square Mile Capital Management
The transaction was facilitated by Employee from Square Mile Capital Management, representing the lender in this loan deal for the hotel property in New York.
On the Map
$330
Hotel
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Players
New York Hotel Market Snapshot
Boundary boundary · Hotel · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
48069.70%
Cash-on-Cash
-13738.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93