Riyad Bank Provides $60M Refinance Loan For Tribeca Hotel

The recently completed property transaction in Tribeca, Manhattan involves a hotel located at 77 Walker Street. The asset, known for its prime location in the desirable Tribeca market, has been the subject of a refinancing deal.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $60,000,000
• Address: 77 Walker Street
• Market: Tribeca, Manhattan

The lender for this refinancing deal is Riyad Bank, represented by Tareq A. Al-Sadhan. On the other side of the transaction, Bridgeton Holdings, the landlord, is represented by Akash Sharma and Atit Jariwala. The brokerage team that facilitated this transaction includes Jordan Roeschlaub, Dustin Stolly, Nick Scribani, and Tyler Dumon from Newmark.