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Enduring Hospitality Group Secures $44 Million Refinancing Loan For Offshore Montauk Hotel
FINANCED
$44,000,000
+ 1
New York
See Similar DealsHotel
Financed 06/16/2026
FINANCED
Enduring Hospitality Group Secures $44 Million Refinancing Loan For Offshore Montauk Hotel
71 South Emerson Avenue
See Similar DealsHotel
Financed 06/16/2026
+ 1
Summary
NEW YORK
Asset Type:Hotel
Transaction Type:Loan
The property involved in this context is the Offshore Montauk hotel, a newly renovated hotel featuring 44 keys located at 71 South Emerson Avenue in Montauk, New York. Enduring Hospitality Group is the landlord of this asset, which is positioned within the Montauk market.
Summary of transation details:
- Property Type: Hotel
- Transaction Amount: $44,000,000
- Lender: Catal Group
- Landlord: Enduring Hospitality Group
- Brokers: Nick Scribani, Tyler Dumon, Tim Polglase & Tate Keir - Newmark
- Loan Type: Refinance
Enduring Hospitality has successfully secured a refinancing loan of $44 million to support the Offshore Montauk hotel. The deal was brokered by a team from Newmark, consisting of Nick Scribani, Tyler Dumon, Tim Polglase, and Tate Keir, who played a key role in facilitating this financial transaction.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$44,000,000.00
Monthly NOI$293,333.33
Monthly Debt Service$278,109.93
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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