Arden Group Provides $224M UCC Foreclosure Loan For Midtown Manhattan Hotel

The hotel located at 560 7th Avenue in Midtown Manhattan has recently undergone a transaction. The property is owned by Soho Properties, represented by Sharif El-Gamal, and the lender involved in the deal is Arden Group, represented by Craig Spencer. The loan amount for this transaction is $224,000,000, and it falls under the category of UCC Foreclosure.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $224,000,000
• Address: 560 7th Avenue
• Market: Midtown Manhattan

In addition to the key individuals mentioned above, various brokers were also involved in this transaction. The brokers representing Soho Properties were Jordan Roeschlaub, Dustin Stolly, Nick Scribani, Adam Spies, Adam Etra, and Brock Cannon from Newmark.