Russell D. Urban Of Electra America Hospitality Group Secures $34M Refinance From Maxim Capital Group For Hotel AKA NoMad

The property involved in this transaction is the Hotel AKA NoMad, located at 131 Madison Avenue in Manhattan’s Park Avenue South. This hotel asset spans 98,234 square feet and is part of a robust market environment.

Summary of transation details:

• Property Type: Hotel
• Transaction Amount: $34,000,000
• Lender: Maxim Capital Group
• Landlord: Russell D. Urban - Electra America Hospitality Group
• Loan Type: Refinance

This refinancing deal enabled Electra America Hospitality Group, represented by Russell D. Urban, to secure new financing for the existing debt on the property, facilitating ongoing operations and management of the hotel in this prime location.