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
About this deal
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.
Morgan Stanley Provides $41 Million Cashout Refinance For Brooklyn Hospitality Asset is logged as a hotel loan on Traded (2025). The building is 1 square feet, implying about 41M per square foot on the published price. Judah Neuman, Cary Pollack, Meridian Capital Group appear on the loan alongside Meridian Capital Group. This page is the market file for the Morgan Stanley Provides $41 Million Cashout Refinance For Brooklyn Hospitality Asset hotel financed: pricing, party profiles, and other closed hotel comps from the same area sit in the Market section below. Cite this Morgan Stanley Provides $41 Million Cashout Refinance For Brooklyn Hospitality Asset loan when underwriting similar hotel product.
Players
Market Hotel Market Snapshot
Boundary boundary · Hotel · Loan transactions
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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