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49 West 32nd Street

FINANCEDHotel

Taconic Capital Provides $95M Refinance Loan For Hotel At 49 West 32nd Street In NYC

49 West 32nd Street

$95,000,000

Building Size

Asset Type

Hotel

Closing

Dec 15, 2022

AI

The hotel located at 49 West 32nd Street in New York City has undergone a refinancing transaction. The loan was provided by Taconic Capital, and the landlord involved in the deal is Burnett Equity. The loan amount for this transaction was $95,000,000.

Summary of transaction details

Jordan Roeschlaub and Dustin Stolly from Newmark acted as brokers in this refinancing deal. They played a crucial role in facilitating the transaction alongside Taconic Capital and Burnett Equity.

Players

Dustin Stolly

Walker & Dunlop

Broker

$51.1B

vol

273 deals

Broker
BE
Burnett EquityLandlord

New York City 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

0.17%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93