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
About this deal
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
- Property Type: Hotel
- Transaction Amount: $95,000,000
- Lender: Taconic Capital
- Landlord: Burnett Equity
- Brokers: Jordan Roeschlaub & Dustin Stolly - Newmark
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.
On the Map
$95,000,000
Hotel
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Players
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