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Mission Capital Arranges $137M Loan For FiDi Hotel At 99 Washington

99 Washington; Holiday Inn
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This Hotel property located in NY received a loan of $137,000,000 over 5 years ago. The brokers of the deal were Jamie Matheny, Beau Williams, Ari Hirt, Alex Draganiuk, and Steven Buchwald

Mission Capital Advisors recently arranged $137 million in senior, non-recourse, permanent financing for a 50-story, 492-key hotel located at 99 Washington in the Financial District of Manhattan. The loan was provided by Ladder Capital and has a fixed-rate term of 10 years.

Summary of transaction details:

Mission Capital Advisors served as the intermediary in this financing deal, bringing together the borrower, Golden Seahorse - Jubao Xie, and the lender, Ladder Capital. The hotel, with its 50 stories and 492 keys, is an impressive addition to the FiDi market. This financing will provide stability for the property and support its continued success in the vibrant Manhattan market.

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Deals
  • Location
    Holiday Inn Manhattan-Financial District, 99 Washington Street, New York, NY, USAHoliday Inn Manhattan-Financial District, 99 Washington Street, New York, NY, USA
  • Loan Value
    $137,000,000$137,000,000
  • Asset Type
    HotelHotel
  • Parties
    5 Brokers, 4 Agencies, 1 Lender5 Brokers, 4 Agencies, 1 Lender

Agents

Steven Buchwald

Steven Buchwald

Deals18
Financed$804.4M

Jamie Matheny

Jamie Matheny

Deals4
Financed$381M

Alex Draganiuk

Alex Draganiuk

Deals2
Financed$145.2M

Ari Hirt

Ari Hirt

Deals14
Financed$1.2B

Agencies

Mission Capital

Mission Capital

Agency
Deals12
Volume$601.8M

Cronheim Hotel Capital

Cronheim Hotel Capital

Agency
Deals6
Volume$392.1M

Walker & Dunlop

Walker & Dunlop

Agency
Deals609
Volume$76.5B

Institutional Property Advisors

Institutional Property Advisors

Agency
Deals519
Volume$16.9B

Ladder Capital

Ladder Capital

Lender
Deals32
Volume$ 704.4B

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Deal Summary

LOAN IMAGE: Beau Williams, Ari Hirt, Steven Buchwald, Alex Draganiuk and Jamie Matheny DATE: 09/18/2018 ADDRESS: 99 Washington; Holiday Inn MARKET: FiDi, Manhattan ASSET TYPE: Hotel LENDER: Ladder Capital LANDLORD/DEVELOPER: Golden Seahorse - Jubao Xie BROKERS: Mission Capital - Beau Williams, Ari Hirt, Steven Buchwald, Alex Draganiuk and Jamie Matheny LOAN AMOUNT: $137,000,000 NOTES: Mission Capital Advisors arranged $137 million in senior, non-recourse, permanent financing for the property, a 50-story, 492-key hotel at 99 Washington. The fixed-rate loan has a 10-year term.

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99 Washington; Holiday Inn

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