Sapir Corp Secures $88.6M Loan For SoHo Hotel At 9 Crosby St
FINANCED
$88,600,000
New York
See Similar DealsHotel
Financed 08/16/2022
FINANCED
Sapir Corp Secures $88.6M Loan For SoHo Hotel At 9 Crosby St
9 Crosby Street, New York City, New York 10013, United States
See Similar DealsHotel
Financed 08/16/2022
Summary
NEW YORK
Asset Type:Hotel
Transaction Type:Loan
Located at 9 Crosby St. in SoHo, this recently closed transaction involved the sale of a hotel property. The deal was finalized on 08/16/2022.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $88,600,000
The landlord of the property is Sapir Corp, represented by Alex Sapir & Sharon Raz.
No additional information is available regarding the transaction.
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$88,600,000.00
Monthly NOI$590,666.67
Monthly Debt Service$560,012.27
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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