Ladder Capital Provides $31M Loan For Box House Hotel In Greenpoint, Brooklyn | 77 Box Street - @TheBoxHouseHotel | Ladder Capital | Judah Neuman, Cary Pollack | Hotel | Loan

Summary

Loan

NEW YORK

Hotel

15,000 sqft

Located at 77 Box Street in Greenpoint, Brooklyn, the BoxHouseHotel has secured a $31,000,000 loan from Ladder Capital. This 10-year fixed-rate loan will provide the necessary funds for the hotel's operations and future growth. The property, owned by Joe Torres and Simon Whitley, is a prominent hotel in the Greenpoint market.

Summary of transaction details

Property Type: Hotel
Transaction Amount: $31,000,000
Address: 77 Box Street, Greenpoint, Brooklyn
Lender: Ladder Capital
Landlord: Joe Torres and Simon Whitley
Date: 05/15/2019

Cary Pollack and Judah Neuman from @Meridian.Capital.Group represented the parties involved in this hotel loan transaction, ensuring a smooth process for all parties. Their expertise and negotiation skills played a significant role in this successful deal.

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Players

All
4

Agents
2
Agencies
1
Lenders
1

$43.5M Sold

$62.5M Sold

Details

Deal Summary

FINANCED

IMAGE: Judah Neuman and Cary Pollack DATE: 05/15/2019 ADDRESS: 77 Box Street - @TheBoxHouseHotel MARKET: Greenpoint, Brooklyn ASSET TYPE: Hotel LENDER: Ladder Capital LANDLORD: Joe Torres and Simon Whitley BROKERS: @Meridian.Capital.Group - Cary Pollack and Judah Neuman LOAN AMOUNT: $31,000,000 LOAN TERMS: 10-year fixed-rate

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Address77 Box Street - @TheBoxHouseHotel

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