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GFI Capital Secures $80 Million Refinance Loan From Torchlight Investors For Boerum Hill Hotel
FINANCED
$80,000,000
New York
See Similar DealsHotel165,534 SF
Financed 12/30/2025
FINANCED
GFI Capital Secures $80 Million Refinance Loan From Torchlight Investors For Boerum Hill Hotel
61 Bond Street
See Similar DealsHotel165,534 SF
Financed 12/30/2025
Summary
NEW YORK
Asset Type:Hotel
Price Per Square Foot:$483
Total Square Footage:165,534 SF
Transaction Type:Loan
The asset involved in this transaction is a hotel located at 61 Bond Street in Boerum Hill, Brooklyn. The property encompasses a total square footage of 165,534 and is associated with a loan amount of $80,000,000. This transaction involved a refinance loan secured for the hotel property.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $80,000,000
- Address: 61 Bond Street
- Market: Boerum Hill, Brooklyn
- Lender: Torchlight Investors
- Landlord: Allen Gross - GFI Capital
- Loan Type: Refinance
GFI Capital Resources Group, through Bond Street Lessee LLC, facilitated the refinancing process for the property by securing the loan from Torchlight Investors. Allen Gross represents GFI Capital in this transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$80,000,000.00
Monthly NOI$533,333.33
Monthly Debt Service$505,654.42
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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