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Mack Real Estate Credit Strategies Provides $185M Construction Loan For Midtown Hotel

250 West 43rd Street
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This Hotel property located in NY received a loan of $185,000,000 over 1 year ago. The broker of the deal was Adi Chugh

The hotel property located at 250 West 43rd Street in Midtown was recently involved in a closed transaction. The property consists of 570 keys and was the subject of a construction loan.

Summary of transaction details

  • Property Type: Hotel
  • Transaction Amount: $185,000,000
  • Address: 250 West 43rd Street
  • Market: Midtown

Adi Chugh and Joseph Chetrit were the key individuals involved in this transaction. Adi Chugh, representing Surya Capital Partners, acted as the broker in the deal. Joseph Chetrit, from The Chetrit Group, served as the landlord. The lender for the construction loan was Mack Real Estate Credit Strategies.

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Deals
  • Location
    250 West 43rd Street, New York City, New York 10036, United States250 West 43rd Street, New York City, New York 10036, United States
  • Loan Value
    $185,000,000$185,000,000
  • Asset Type
    HotelHotel
  • Parties
    1 Broker, 1 Lender1 Broker, 1 Lender

Agent

Adi Chugh

Adi Chugh

Deals14
Financed$1.2B

Mack Real Estate Group

Mack Real Estate Group

Lender
Deals17
Volume$ 725.3B

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Deal Summary

LOAN IMAGE: Adi Chugh & Joseph Chetrit DATE: 08/02/2022 ADDRESS: 250 West 43rd Street MARKET: Midtown ASSET TYPE: Hotel ~ KEYS: 570 LENDER: Mack Real Estate Credit Strategies LANDLORD: The Chetrit Group - Joseph Chetrit BROKER: Adi Chugh - Surya Capital Partners LOAN AMOUNT: $185,000,000 LOAN TYPE: Construction

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250 West 43rd Street

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