Issac Hera Of Yellowstone Real Estate Investments Secures $113M Refinance Loan For Hotel In Midtown East

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.