BridgeInvest Provides $52M Refinance Loan For Hotel At 525 Greenwich Street Manhattan
525 Greenwich Street
$52,000,000
$870/SF
Building Size
59,720 SF
Asset Type
Hotel
Closing
Jun 8, 2025
AI
The asset involved in this transaction is a hotel located at 525 Greenwich Street in the Hudson Square market of Manhattan, featuring 122 keys.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $52,000,000
- Loan Type: Refinance
- Lender: BridgeInvest
- Loan Representatives: Alex Horn, Jon Gitman & Brian Horner
- Landlord's Representative: Jonathan Aghravi - JBA Equities & Noam Katz
This financing arrangement underscores the involvement of key representatives in the deal, with Jonathan Aghravi and Noam Katz providing representation for the landlord, while the lending side is led by Alex Horn, Jon Gitman, and Brian Horner from BridgeInvest.
Players
New York Hotel Market Snapshot
Boundary boundary · Hotel · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93