FINANCED
G4 Capital Partners Provides $77M Loan For Moxy Hotel Construction In South Williamsburg
353-361 Bedford Avenue
Hotel
3,150 SF
3,150 SF
Financed 1 year ago
Summary
Loan
NEW YORK
Hotel
3,150 sqft
An industrial property located at 353-361 Bedford Avenue in South Williamsburg, Brooklyn has been involved in a recent transaction. The property, which is a hotel, was the subject of a loan facility to fund the construction of a 216-key Moxy Hotel. The loan amount for this transaction was $77,000,000.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $77,000,000
- Lender: G4 Capital Partners - Jason Behfarin, Robyn Sorid, and Louis Silverman
- Landlord: Lightstone Group
- Broker: Ben Nevid and Drew Anderman - Meridian Capital Group
G4 Capital Partners, represented by Jason Behfarin, Robyn Sorid, and Louis Silverman, served as the lender in this transaction. The landlord of the property is the Lightstone Group. The deal was facilitated by brokers Ben Nevid and Drew Anderman from the Meridian Capital Group.
Players
All
4
Agents
2
Agencies
1
Lenders
1
Details
FINANCED
IMAGE: Jason Behfarin, David Lichtenstein, Robyn Sorid, Mitchell Hochberg & Louis Silverman
DATE: 08/05/2021
ADDRESS: 353-361 Bedford Avenue
MARKET: South Williamsburg, Brooklyn
ASSET TYPE: Hotel
LENDER: G4 Capital Partners 🛩 - Jason Behfarin, Robyn Sorid & Louis Silverman
LANDLORD: @LighstoneGroup
BROKER: Ben Nevid & Drew Anderman - Meridian Capital Group
LOAN AMOUNT: $77,000,000
LOAN TERMS: Loan Facility to fund the construction of a 216 Key Moxy Hotel (@MoxyHotels)View on map
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Address353-361 Bedford Avenue
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