Madison Realty Capital Provides $315.6M Loan For New Orleans Hotel

A hotel located at 2 Canal Street in New Orleans, Louisiana has been involved in a recent loan transaction. The property consists of 341 keys and has been financed by Madison Realty Capital, with a loan amount of $315,600,000.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $315,600,000
• Address: 2 Canal Street, New Orleans, Louisiana
• Market: New Orleans, Louisiana
• Lender: Madison Realty Capital - Josh Zegen
• Landlord: Carpenter & Company, Inc. - Richard Friedman; Woodward Interests, LLC
• Brokers: Riaz Cassum & Henry Schaffer - JLL Capital Markets

The loan transaction for the hotel property at 2 Canal Street was facilitated by Madison Realty Capital, with Josh Zegen representing the lending company. The property is owned by Carpenter & Company, Inc. (represented by Richard Friedman) and Woodward Interests, LLC. The deal was brokered by Riaz Cassum and Henry Schaffer from JLL Capital Markets.