Bank OZK Provides $190M Refinance Loan For Beekman Street Hotel
FINANCED
$190,000,000
+ 2
New York
See Similar DealsHotel165,000 SF
Financed 01/20/2022
FINANCED
Bank OZK Provides $190M Refinance Loan For Beekman Street Hotel
5 Beekman Street, New York City, New York 10038, United States
See Similar DealsHotel165,000 SF
Financed 01/20/2022
+ 2
Summary
NEW YORK
Asset Type:Hotel
Price Per Square Foot:$1,151
Total Square Footage:165,000 SF
Transaction Type:Loan
The 165,000-square-foot hotel located at 5 Beekman Street in the Financial District has undergone a refinancing transaction. The property features 287 keys and is owned by GFI Capital Resources Group.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $190,000,000
- Address: 5 Beekman Street
- Market: Financial District
- Square Footage: 165,000
- Keys: 287
The loan for this transaction was obtained from Bank OZK. The brokers involved in the deal were Dustin Stolly, Jordan Roeschlaub, Chris Kramer, Daniel Fromm, and Nick Scribani from Newmark.
Players
LENDER
LANDLORD
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$190,000,000.00
Monthly NOI$1,266,666.67
Monthly Debt Service$1,200,929.24
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions