MSD Partners L.P. Provides $165M Construction Loan For Multifamily And Hotel Project At 7 Platt Street In Financial District | 7 Platt Street | Drew Anderman, Alan Blank | Hotel | Loan

Summary

Loan

NEW YORK

Hotel

256,936 sqft

A loan has been secured for the property at 7 Platt Street in the Financial District. This property consists of both multifamily units and a hotel, with 250 multifamily units and 172 hotel keys. The total square footage of the property is 256,936.

Summary of transaction details

Property Type: Multifamily & Hotel
Transaction Amount: $165,000,000
Loan Type: Construction
Loan Terms: 4 years + 1 year extension

The lender for this transaction is MSD Partners L.P. and the landlord is The Moinian Group. The deal was facilitated by Drew Anderman and Alan Blank from Meridian Capital Group.

Players

All
3

Agents
2
Agencies
1

Drew Anderman

Senior Managing Director

$432M Sold

Alan Blank

Director

Details

Deal Summary

FINANCED

IMAGE: Drew Anderman & Alan Blank DATE: 04/11/2022 ADDRESS: 7 Platt Street MARKET: Financial District ASSET TYPE: Multifamily & Hotel (250 Multifamily Units & 172 Hotel Keys) ~ SF: 256,936 LENDER: MSD Partners L.P. LANDLORD: The Moinian Group BROKERS: Drew Anderman (@DrewAnderman) & Alan Blank - Meridian Capital Group LOAN AMOUNT: $165,000,000 LOAN TYPE: Construction LOAN TERMS: 4 years + 1 year extension

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Address7 Platt Street

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