Bridgeton Holdings Secures $62M Refinance From Riyad Bank For Greenwich Village Properties
50 West 13th Street & 54 West 13th Street
$62,000,000
Building Size
—
Asset Type
Hotel
Closing
Nov 17, 2025
About this deal
AI
Bridgeton Holdings has secured a refinance loan for two properties located at 50 West 13th Street and 54 West 13th Street in Greenwich Village, Manhattan. The total loan amount is $62,000,000, with a price of $1,242 per built square foot. The transaction closed on November 17, 2025, and it replaces an existing loan of $48.8 million from Series 2016-4.
Summary of transaction details:
- Property Type: Hotel & Mixed-Use
- Transaction Amount: $62,000,000
- Address: 50 West 13th Street & 54 West 13th Street
- Market: Greenwich Village, Manhattan
- Lender: Riyad Bank
- Landlord: Atit Jariwala - Bridgeton Holdings
- Loan Type: Refinance
Atit Jariwala represents Bridgeton Holdings in this refinancing deal, which involves a hotel and a mixed-use building, supported by Riyad Bank as the lender for this transaction.
On the Map
$62,000,000
Hotel
View full map
Players
New York Hotel Market Snapshot
Boundary boundary · Hotel · Loan transactions
Loading comparables…
Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.26%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93