Mission Capital Arranges $137M Loan For FiDi Hotel At 99 Washington

Mission Capital Advisors recently arranged $137 million in senior, non-recourse, permanent financing for a 50-story, 492-key hotel located at 99 Washington in the Financial District of Manhattan. The loan was provided by Ladder Capital and has a fixed-rate term of 10 years.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $137,000,000
• Lender: Ladder Capital
• Landlord/Developer: Golden Seahorse - Jubao Xie
• Brokers: Mission Capital - Beau Williams, Ari Hirt, Steven Buchwald, Alex Draganiuk, and Jamie Matheny

Mission Capital Advisors served as the intermediary in this financing deal, bringing together the borrower, Golden Seahorse - Jubao Xie, and the lender, Ladder Capital. The hotel, with its 50 stories and 492 keys, is an impressive addition to the FiDi market. This financing will provide stability for the property and support its continued success in the vibrant Manhattan market.