Jasdeep Khera Of Yieldwink Provides $3.21M Preferred Equity Loan For Voco Times Square Hotel

The asset involved in this transaction is a hotel located at 711 7th Avenue in the Manhattan market. The property has 422 keys and received a loan of $3,215,860 structured as preferred equity. The loan is set for a term of 3 years.

Summary of transation details:

• Property Type: Hotel
• Transaction Amount: $3,215,860
• Loan Type: Preferred Equity
• Loan Terms: 3 Years
• Lender: Jasdeep Khera - Yieldwink

Jasdeep Khera, representing Yieldwink, structured, raised, and invested more than $3 million in preferred equity to capitalize the project’s development, leading to the opening and operation of the Voco Times Square.