Enduring Hospitality Group Secures $32.6 Million Refinance Loan For Offshore Montauk Hotel
71 South Emerson Avenue
$32,600,000
Building Size
—
Asset Type
Hotel
Closing
Jun 16, 2026
About this deal
AI
The asset involved in this transaction is the Offshore Montauk hotel, a newly renovated property featuring 44 keys located at 71 South Emerson Avenue in Montauk, N.Y. The refinancing loan amounts to $32,600,000, backed by the lender Catal Group.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $32,600,000
- Lender: Catal Group
- Landlord: Enduring Hospitality Group
- Brokers: Nick Scribani, Tyler Dumon, Tim Polglase & Tate Keir - Newmark
- Loan Type: Refinance
Enduring Hospitality Group has secured this refinancing loan for the Offshore Montauk hotel through Catal Group. The transaction was facilitated by brokers Nick Scribani, Tyler Dumon, Tim Polglase, and Tate Keir from Newmark.
On the Map
$32,600,000
Hotel
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.49%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93