Sarah And Alice Roy Blumenthal Secure $8.5 Million Loan From Castellan Capital For Hotel In Gramercy

The asset involved in this transaction is a hotel located at 54-56 Irving Place in Gramercy, Manhattan. The hotel has a total square footage of 11,640 and is associated with a loan amount of $8,500,000 from Castellan Capital.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $8,500,000
• Address: 54-56 Irving Place
• Market: Gramercy, Manhattan
• Lender: Castellan Capital
• Landlord: Sarah Blumenthal & Alice Roy Blumenthal

In this transaction, the loan for the Inn at Irving Place hotel was secured by Sarah and Alice Roy Blumenthal under their LLC for the property at 54-56 Irving Place. The financial backing provided by Castellan Capital facilitates the operational needs of the hotel.