Meridian Capital Group Secures $2.95M Refinance Loan For Hell's Kitchen Hotel & Film Studio

The property at 544 & 546 West 48th Street in Hell's Kitchen, Manhattan, consists of a Limited-Service Hotel & Film Studio. The loan amount for this transaction was $2,950,000. The loan provided was for a refinance and comes with a 7.55% interest rate for a 3-year fixed-rate term with a 25-year amortization schedule.

Summary of transaction details:

• Property Type: Limited-Service Hotel & Film Studio
• Transaction Amount: $2,950,000
• Address: 544 & 546 West 48th Street
• Market: Hell's Kitchen, Manhattan
• Loan Type: Refinance
• Loan Terms: 7.55% interest rate for a 3-year fixed-rate term with a 25-year amortization schedule
• Brokers: Simon Rosenfeld & John Bianco - Meridian Capital Group

Simon Rosenfeld and John Bianco from Meridian Capital Group facilitated the loan for this property. For more information on how Meridian can add value to your portfolio on your next financing, please contact Simon Rosenfeld at 212-612-0110 or [email protected], and John Bianco at 212-612-0297 or [email protected].