FINANCED
Burnett Equity Secures $71M Bridge Loan For Midtown West Hotel
49 West 32nd Street
Hotel
330,000 SF
330,000 SF
Financed 1 year ago
Summary
Loan
NEW YORK
Hotel
330,000 sqft
Located at 49 West 32nd Street in the Midtown West market, this hotel property spans across 330,000 square feet and features 531 keys. The property was the subject of a recent closed transaction.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $71,000,000
- Loan Type: Bridge loan
The landlord of the property is Burnett Equity, represented by Mark Beffort and Blair Humphreys. The deal was facilitated by brokers Matthew Polci, Jordan Ray, and Steven Buchwald. Additionally, Eric Michael Anton and Nelson Lee of Marcus & Millichap were involved in the transaction on the landlord's behalf.
Players
All
6
Agents
4
Agencies
2
Details
FINANCED
IMAGE: Jordan Ray, Nelson Lee, Matthew Polci, Eric Michael Anton & Steven Buchwald
DATE: 11/10/2021
ADDRESS: 49 West 32nd Street
MARKET: Midtown West
ASSET TYPE: Hotel ~ SF: 330,000 ~ KEYS: 531
LANDLORD: Burnett Equity, Mark Beffort & Blair Humphreys
BROKERS: Matthew Polci (@idolcipolci), Jordan Ray (@jordray1) & Steven Buchwald (@AgentBuch6) - (@mission.capital); Eric Michael Anton (@EricMichaelAnton), Nelson Lee (@Nelson_Lee_Irish_Triplets) (@TheAntonGroupNYC) - Marcus & Millichap
LOAN AMOUNT: $71,000,000
LOAN TYPE: Bridge loanView on map
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Address49 West 32nd Street
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