Madison Realty Capital Provides $315.6M Loan For New Orleans Hotel
2 Canal Street (@FSHotelNewOrleans)
Hotel
Summary
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.
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2 Canal Street (@FSHotelNewOrleans)
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