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

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FINANCED
$33,000,000
Jonathan Aghravi

New York

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Hotel99,109 SF
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FINANCED

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

120 West 44th Street

See Similar Deals
Hotel99,109 SF
Financed
Jonathan Aghravi
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Summary

NEW YORK
Asset Type:Hotel
Price Per Square Foot:$333
Total Square Footage:99109 SF
Transaction Type:Loan

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.

Players

Jonathan Aghravi
45 deals$1.5B volume(212) 366-0364
BROKER

Noam Katz
12 deals$480.8M volume
BROKER

Details

FINANCED
IMAGE: Jonathan Aghravi, Joseph Moinian & Noam Katz DATE: 12/11/2025 ADDRESS: 120 West 44th Street MARKET: Manhattan ASSET TYPE: Hotel ~ SF: 99,109 ~ KEYS: 234 LENDER: Wells Fargo Bank (@WellsFargo) LANDLORD: Joseph Moinian - The Moinian Group (@MoinianGroup), Jacob Orfali & David Adelipour LANDLORD'S REP: Jonathan Aghravi (@JonnyAghravi) - JBA Equities (@JBAEquitiesLLC) & Noam Katz (@TheNoamKatz) LOAN AMOUNT: $33,000,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$33,000,000.00

Monthly NOI$220,000.00
Monthly Debt Service$208,582.45
Change in Cash Flow$0.00
Refinance Proceeds$0.00