Metropolitan Bank Refinances Upper West Side Hotel For $17M

The property at 80 Riverside Drive in the Upper West Side of Manhattan has undergone a refinancing transaction. The loan amount for this deal is $17,000,000, with Metropolitan Bank serving as the lender. The asset in question is a hotel, located in a desirable market.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $17,000,000
• Lender: Metropolitan Bank
• Brokers: David Bollag, Drew Anderman, Naphtali Marrus, and Elliot Braude - Meridian Capital Group
• Loan Type: Refinance

The key individuals and companies involved in this transaction include David Bollag, Drew Anderman, Naphtali Marrus, and Elliot Braude from the Meridian Capital Group, who acted as brokers in the deal. They played a crucial role in facilitating the refinancing process for the hotel property on Riverside Drive.