Aareal Capital Refinances Victoria Tower Residences & Renaissance New York Harlem Hotel For $148M

The mixed-use property located at Victoria Tower Residences & Renaissance New York Harlem Hotel, situated at 230 W 125th Street in South Harlem, spans a total of 301,000 square feet. The property is owned by Lam Group & Exact Capital and recently underwent a refinancing transaction.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $148,000,000
• Lender: Aareal Capital Corporation
• Landlord: Lam Group & Exact Capital
• Brokers: Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Ari Hirt & William Herring - Walker & Dunlop
• Loan Type: Refinance

The deal was facilitated by the broker team from Walker & Dunlop, composed of Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Ari Hirt, and William Herring, demonstrating their expertise in handling large-scale transactions within the South Harlem market.