BD Hotels Secures $10 Million Loan For 510 West 42nd Street Hotel In Hell's Kitchen, Manhattan

BD Hotels, owned by Richard Born, has secured a $10 million loan from Israel Discount Bank for the fee under the hotel building at 510 West 42nd Street in Hell's Kitchen, Manhattan. The hotel is a boutique property known as Cachet Boutique Hotel NYC, with a total square footage of 78,333. Situated in the trendy neighborhood of Hell's Kitchen, the hotel offers a prime location for guests to explore all that Manhattan has to offer.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $10,000,000
• Address: 510 West 42nd Street, Hell's Kitchen, Manhattan
• Market: Hell's Kitchen, Manhattan
• Asset Size: 78,333 square feet

The loan was facilitated by Jeremy Romine and Elena Dokianos, representatives of Israel Discount Bank. Richard Born, through his company West 42nd Street Developers, LLC, secured the loan on behalf of BD Hotels. Israel Discount Bank, a well-established financial institution, played a crucial role in providing the necessary funds for the acquisition of the hotel property.