Wells Fargo Bank Provides $33M Refinance Loan For Joseph Moinian's Manhattan Hotel Property

The asset involved in this transaction is a hotel located at 120 West 44th Street in Manhattan. The hotel has a total square footage of 99,109 and comprises 234 keys. A loan amount of $33,000,000 has been secured for refinancing purposes, facilitated by Wells Fargo Bank.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $33,000,000
• Address: 120 West 44th Street
• Market: Manhattan
• Square Footage: 99,109
• Keys: 234
• Lender: Wells Fargo Bank
• Landlord: Joseph Moinian - The Moinian Group, Jacob Orfali & David Adelipour
• Landlord's Representative: Jonathan Aghravi - JBA Equities & Noam Katz
• Loan Type: Refinance

The transaction involves key players including landlord Joseph Moinian representing The Moinian Group alongside Jacob Orfali and David Adelipour. Representatives for the landlord, Jonathan Aghravi from JBA Equities and Noam Katz, are also integral to this deal.