Almost a year after Jubao Xie put the world’s tallest Holiday Inn up for sale, the Chinese developer refinanced the property at 99 Washington Street with a $137 million mortgage. Ladder Capital issued the 10-year, non-recourse, interest-only, fixed-rate loan, which replaces a $135 million mortgage from UBS. Mission Capital Advisors’ Beau Williams, Ari Hirt, Steven Buchwald, Alex Draganiuk and Jamie Matheny brokered the deal. Xie developed the 50-story, 492-room hotel in Manhattan’s Financial District with […]
source https://therealdeal.com/2018/09/20/chinese-developer-lands-137m-refi-for-worlds-tallest-holiday-inn/
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