Ladder Capital Provides $31M Loan For Box House Hotel In Greenpoint, Brooklyn

Located at 77 Box Street in Greenpoint, Brooklyn, the BoxHouseHotel has secured a $31,000,000 loan from Ladder Capital. This 10-year fixed-rate loan will provide the necessary funds for the hotel's operations and future growth. The property, owned by Joe Torres and Simon Whitley, is a prominent hotel in the Greenpoint market.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $31,000,000
• Address: 77 Box Street, Greenpoint, Brooklyn
• Lender: Ladder Capital
• Landlord: Joe Torres and Simon Whitley
• Date: 05/15/2019

Cary Pollack and Judah Neuman from @Meridian.Capital.Group represented the parties involved in this hotel loan transaction, ensuring a smooth process for all parties. Their expertise and negotiation skills played a significant role in this successful deal.