FINANCEDHotel
Morgan Stanley Provides $41 Million Cashout Refinance For Brooklyn Hospitality Asset
$41,000,000
$41,000,000/SF
Building Size
1 SF
Asset Type
Hotel
Closing
Mar 13, 2025
AI
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
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
0.39%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93