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21 Oceanview Terrace

Updated Jun 3, 2026

KSL Capital Partners Secures $65 Million Refinance Loan From Knighthead Funding For Hotel In Montauk
FINANCEDHotel

KSL Capital Partners Secures $65 Million Refinance Loan From Knighthead Funding For Hotel In Montauk

21 Oceanview Terrace

$65,000,000

Building Size

—

Asset Type

Hotel

Closing

Jun 1, 2026

About this deal

AI

The property asset involved in this transaction is the Marram Montauk, a beachfront hotel located at 21 Oceanview Terrace in Montauk. The hotel consists of 65 keys and is part of the Montauk market. KSL Capital Partners acquired the property for $78.5 million four years ago.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: $65,000,000
  • Lender: Knighthead Funding
  • Landlord: KSL Capital Partners
  • Loan Type: Refinance
  • Loan Date: 06/01/2026

Knighthead Funding provided a refinancing loan for the Marram Montauk, marking a significant financial transaction involving this property. This deal illustrates the ongoing relationship between the lender and the landlord in managing the asset's financial structure.

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$65,000,000

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Players

Knighthead Funding
Knighthead FundingLender
KSL Capital Partners
KSL Capital PartnersLandlord
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Market Hotel Market Snapshot

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.24%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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