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456 Greenwich Street

Goldman Sachs Provides $145 Million Refinance Loan For Hotel At 456 Greenwich Street
FINANCEDHotel

Goldman Sachs Provides $145 Million Refinance Loan For Hotel At 456 Greenwich Street

456 Greenwich Street

$145,000,000

Building Size

Asset Type

Hotel

Closing

Aug 6, 2025

AI

The asset involved in the transaction is a hotel located at 456 Greenwich Street in the Tribeca market. This hotel has 97 keys and is associated with a loan amount of $145,000,000 for the purpose of refinancing.

Summary of transation details:

In this transaction, Joshua Caspi and Jim Parks are the borrowers while Goldman Sachs serves as the lender. Rob Turner, Adam Licari, Jeff Davis, Drew Ahlers, and Michael Smilove from Eastdil Secured acted as brokers for the deal.

Players

Drew Ahlers

Eastdil Secured

Broker

$8.1B

vol

16 deals

Broker
Eastdil Secured
Eastdil SecuredBrokerage
Goldman Sachs
Goldman SachsLender

New York 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

0.11%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93