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50 West 13th Street

Bridgeton Holdings Secures $62M Refinance From Riyad Bank For Greenwich Village Properties
FINANCEDHotel

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

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.

Players

Riyad Bank
Riyad BankLender

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

0.26%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93