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
About this deal
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:
- Property Type: Hotel
- Transaction Amount: $145,000,000
- Lender: Goldman Sachs
- Borrower: Joshua Caspi & Jim Parks
- Brokers: Rob Turner, Adam Licari, Jeff Davis, Drew Ahlers & Michael Smilove - Eastdil Secured
- Loan Type: Refinance
- Date: 8/7/2025
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.
On the Map
$145,000,000
Hotel
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Players
New York Hotel Market Snapshot
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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