MSD Partners & Lionheart Strategic Management Provide $130M Loan For Hotel Development At 145 Bowery On Lower East Side | 145 Bowery (@MoxyHotels) | Lionheart Strategic Management | Benjamin (Ben) Nevid, Drew Anderman | Development Site | Loan

Summary

Loan

NEW YORK

Development Site

127,000 sqft

An undisclosed lender, MSD Partners & Lionheart Strategic Management, provided a loan of $130,000,000 for the development of a hotel at 145 Bowery, located in the Lower East Side market. The hotel will have a total of 303 keys, with a square footage of 127,000. The loan transaction took place on June 3, 2021.

Summary of transaction details:

Property Type: Hotel Development
Transaction Amount: $130,000,000
Address: 145 Bowery
Market: Lower East Side
Keys: 303
Square Footage: 127,000

The loan was provided by MSD Partners & Lionheart Strategic Management to support the development of the hotel at 145 Bowery. The property is owned by Lightstone Group and will be operated by Tao Group. The deal was facilitated by brokers Drew Anderman and Benjamin Nevid from Meridian Capital Group.

Players

All
4

Agents
2
Agencies
1
Lenders
1

Benjamin (Ben) Nevid

Senior Vice President

$222M Sold

Drew Anderman

Senior Managing Director

$432M Sold

Meridian Capital Group

Lionheart Strategic Management

Details

Deal Summary

FINANCED

IMAGE: Winston Fisher (@WinstonFisher1), @JasonStrauss, David Lichtenstein, @MichaelDell, Mitchell Hochberg, @NoahTepperberg DATE: 06/03/2021 ADDRESS: 145 Bowery (@MoxyHotels) MARKET: Lower East Side ASSET TYPE: Hotel Development 🏨 🏗 KEYS: 303 ~ SF: 127,000 LENDER: MSD Partners & Lionheart Strategic Management LANDLORD: @LightstoneGroup F&B OPERATOR: @TaoGroup BROKERS: Drew Anderman & Benjamin Nevid - Meridian Capital Group LOAN AMOUNT: $130,000,000

View on map

Address145 Bowery (@MoxyHotels)

Comparables

This user does not have deals with the selected filters yet.
Reset filters to show results.

Contact

Get in touch with the broker you want