Morgan Stanley Provides $41 Million Cashout Refinance For Brooklyn Hospitality Asset
FINANCED
$41,000,000
New York
See Similar DealsHotel1 SF
Financed 03/13/2025
FINANCED
Morgan Stanley Provides $41 Million Cashout Refinance For Brooklyn Hospitality Asset
Hotel1 SF
Financed 03/13/2025
Summary
Asset Type:Hotel
Price Per Square Foot:$41,000,000
Total Square Footage:1 SF
Transaction Type:Loan
The transaction involved a hospitality asset located in Brooklyn. The lender for this deal was Morgan Stanley, providing a cashout refinance loan amounting to $41,000,000.
Summary of transaction details:
- Property Type: Hospitality
- Transaction Amount: $41,000,000
- Lender: Morgan Stanley
- Loan Type: Cashout refinance
- Brokers: Cary Pollack & Judah Neuman - Meridian Capital Group
Cary Pollack and Judah Neuman represented the borrower in this deal through their affiliation with Meridian Capital Group, acting as brokers in the transaction.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$41,000,000.00
Monthly NOI$273,333.33
Monthly Debt Service$259,147.89
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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