Soo Kim Of Bally’s Corporation Secures $560 Million Loan From WhiteHawk Capital Partners For Hotel
450 Hutchinson River Expressway
$560,000,000
Building Size
—
Asset Type
Hotel
Closing
Sep 14, 2026
About this deal
AI
The asset involved is a hotel located at 450 Hutchinson River Expressway in the Bronx. Bally’s Corporation is undertaking construction of a 3 million-square-foot casino complex at this site, supported by a significant financial investment. The loan amount secured for this project is $560 million, which will cover pre-construction and other associated costs.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $560,000,000
- Lender: WhiteHawk Capital Partners
- Landlord: Soo Kim - Bally’s Corporation
- Loan Type: Construction
- Date: 09/14/2026
This transaction reflects the financial maneuvers of Bally’s Corporation, with Soo Kim representing the landlord's interests in the development project. WhiteHawk Capital Partners is directly involved as the lender providing the substantial loan for the casino complex initiative.
On the Map
$560,000,000
Hotel
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.03%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93