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485 Fashion Ave, New York, ...

Square Mile Capital Management Provides $330M Loan For Hotel In New York
FINANCEDHotel

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

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.

Players

Square Mile Capital
Square Mile CapitalLender

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