KSL Capital Partners Secures $39 Million Refinance For Hotel At 85 Smith Street In Brooklyn

The asset involved in the transaction is a hotel located at 85 Smith Street in Boerum Hill, Brooklyn, covering a space of 47,639 square feet. The refinancing transaction was valued at $39 million.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $39,000,000
• Market: Boerum Hill, Brooklyn
• Lender: Wells Fargo & Deutsche Bank
• Landlord: Eric Resnick - KSL Capital Partners
• Loan Type: Refinance

KSL Capital Partners, via Hhlp Smith Street Associates, executed the refinancing, replacing a previous $35.7 million loan that was held by the Series 2024-HT2 bond trust and serviced by Trimont.