facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Hotel

/

Loan

/

815 6th Avenue

FINANCEDHotel

Lexin Capital Refinances Hotel On 6th Avenue In New York City For $47M

815 6th Avenue

$47,000,000

$519/SF

Building Size

90,500 SF

Asset Type

Hotel

Closing

Mar 14, 2023

AI

The hotel located at 815 6th Avenue in New York City has recently undergone a refinancing transaction. The property, owned by Lexin Capital, has a total square footage of 90,500. The refinancing deal was facilitated by Beau Williams and Mike McGuire from . The loan amount for this transaction was $47,000,000 and it is a 5-year fixed rate loan.

Summary of transation details

  • Property Type: Hotel
  • Transaction Amount: $47,000,000
  • Address: 815 6th Avenue, New York City
  • Market: New York City
  • Landlord: Lexin Capital
  • Brokers: Beau Williams & Mike McGuire -
  • Loan Type: Refinance
  • Loan Terms: 5-year Fixed rate

Beau Williams and Mike McGuire from played pivotal roles in this refinancing transaction for the hotel at 815 6th Avenue. They represented the borrower and successfully secured a 5-year fixed rate loan amounting to $47,000,000. Their expertise and negotiation skills ensured a favorable outcome for their client.

Players

Beau Williams

ThirtyFourth Capital

Broker

$466.4M

vol

7 deals

Broker
LC
Lexin CapitalLandlord

Market Hotel Market Snapshot

Boundary boundary · Hotel · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.34%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93