Ephraim Vashovsky Secures $32 Million Bridge Loan From SM Capital For Manhattan Hotel

The asset involved in this transaction is a hotel located at 61-63 Chrystie Street & 231 Grand Street in Manhattan, encompassing a total square footage of 89,411 and featuring 77 keys. The loan amount for this transaction is $32,000,000, structured as a bridge loan.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $32,000,000
• Address: 61-63 Chrystie Street & 231 Grand Street
• Market: Manhattan
• Asset Size: 89,411 SF
• Keys: 77
• Lender: SM Capital, Inc.
• Landlord: Ephraim Vashovsky
• Lender's Representative: Max Ozkural - SM Capital & Inc.
• Loan Type: Bridge

This transaction features key participants including the lender, SM Capital, Inc., and the landlord, Ephraim Vashovsky. The lender's representative overseeing the transaction is Max Ozkural from SM Capital & Inc., playing a crucial role in facilitating the loan agreement.