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Citi Bank Provides $65.5 Million Refinance Loan For Fairfield Inn By Marriott In Manhattan

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FINANCED
$65,500,000
Adam Hakim
+ 2

New York

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FINANCED

Citi Bank Provides $65.5 Million Refinance Loan For Fairfield Inn By Marriott In Manhattan

538 West 58th Street

See Similar Deals
Hotel
Financed
Adam Hakim
+ 2
Contact now

Summary

NEW YORK
Asset Type:Hotel
Transaction Type:Loan

The asset involved in this transaction is a hotel located at 538 West 58th Street in Manhattan. This property is designated as a Fairfield Inn by Marriott at Central Park, featuring a total of 224 keys. The refinancing loan for this asset totals $65,500,000.

Summary of transaction details:

This refinancing deal was facilitated by notable brokers representing different aspects of the transaction, including James Murad and Michael Winter. The involvement of Adam Hakim, Evan Brudnicki, and Alexander Korolik from Ripco indicates a collaborative effort in navigating the refinancing process for the property owned by Sam Chang of McSam Hotel Group.

Players

James Murad
62 deals$2.9B volume(646) 290-2012
BROKER

Adam Hakim
Ripco
60 deals$2.9B volume(646) 290-2011
BROKER


Alexander (Xander) Korolik
Ripco
9 deals$439M volume(917) 846-9143
BROKER

Evan Brudnicki
Ripco
9 deals$439M volume(212) 750-6565
BROKER

LENDER


Citibank
LENDER

Details

FINANCED
IMAGE: Adam Hakim, James Murad, Michael Winter, Evan Brudnicki, Alexander Korolik, Gabe Podair & Joe Dyckman DATE: 11/6/2025 ADDRESS: 538 West 58th Street MARKET: Manhattan ASSET TYPE: Hotel ~ KEYS: 224 LENDER: Joe Dyckman & Gabe Podair- Citi Bank LANDLORD: Sam Chang- McSam Hotel Group BROKERS: James Murad (@James_Murad), Michael Winter, Adam Hakim, Evan Brudnicki (@Evan_Brudnicki) & Alexander Korolik (@XanderKorolik) - Ripco (@RipcoInvestmentSales) LOAN AMOUNT: $65,500,000 LOAN TYPE: Refinance NOTE FROM BROKER: The hotel is the Fairfield Inn by Marriott at Central Park

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$65,500,000.00

Monthly NOI$436,666.67
Monthly Debt Service$414,004.56
Change in Cash Flow$0.00
Refinance Proceeds$0.00