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Issac Hera Of Yellowstone Real Estate Investments Secures $113M Refinance Loan For Hotel In Midtown East
FINANCED
$113,000,000
New York
See Similar DealsHotel
Financed 04/30/2025
FINANCED
Issac Hera Of Yellowstone Real Estate Investments Secures $113M Refinance Loan For Hotel In Midtown East
541 Lexington Avenue
See Similar DealsHotel
Financed 04/30/2025
Summary
NEW YORK
Asset Type:Hotel
Transaction Type:Loan
The asset involved in this transaction is a hotel located at 541 Lexington Avenue in Midtown East. Yellowstone Real Estate Investments acquired the former Maxwell Hotel for $140 million through a foreclosure auction last year. The property underwent a refinancing process, securing a loan amount of $113 million from Bank Hapoalim (BHI).
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $113,000,000
- Lender: Bank Hapoalim (BHI)
- Landlord: Issac Hera - Yellowstone Real Estate Investments
- Loan Type: Refinance
- Address: 541 Lexington Avenue
- Market: Midtown East
Issac Hera, representing Yellowstone Real Estate Investments, played a crucial role in the loan transaction with BHI. The refinancing aims to reposition the acquired hotel asset, indicating a strategic plan for its future development and management.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$113,000,000.00
Monthly NOI$753,333.33
Monthly Debt Service$714,236.87
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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