Sheridan Capital Provides $30 Million Bridge Loan For Hotel At 6 West 32nd Street
FINANCED
$30,000,000
New York
See Similar DealsHotel1 SF
Financed 03/06/2025
FINANCED
Sheridan Capital Provides $30 Million Bridge Loan For Hotel At 6 West 32nd Street
6 West 32nd Street
See Similar DealsHotel1 SF
Financed 03/06/2025
Summary
NEW YORK
Asset Type:Hotel
Price Per Square Foot:$30,000,000
Total Square Footage:1 SF
Transaction Type:Loan
The asset involved in this transaction is a hotel located at 6 West 32nd Street in Manhattan. The loan amount secured for this property is $30,000,000 under a bridge loan type.
Summary of transation details:
- Property Type: Hotel
- Transaction Amount: $30,000,000
- Lender: Sheridan Capital
- Lender's Representatives: Aaron Kurlansky & Ralph Gelley - Sheridan Capital
- Loan Type: Bridge
The deal involves Aaron Kurlansky and Ralph Gelley representing Sheridan Capital as the lenders for this transaction. Their role is pivotal in facilitating the loan agreement for the hotel asset.
Players
LENDER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$30,000,000.00
Monthly NOI$200,000.00
Monthly Debt Service$189,620.41
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions