Thursday, 1 November 2018

Dream Hotel Group lands $56M loan for Midtown portfolio

Dream Hotel Group landed a $56 million loan for a Midtown commercial portfolio that includes the — what else — Dream Midtown hotel. The loan covers 200, 204 and 210 West 55th Street, according to records filed with the city on Thursday. It replaces a $55 million Ladder Capital loan from 2013. Loancore Capital assumed the $52.25 million of outstanding debt on the properties and provided a $3.75 million gap mortgage. The Dream Hotel, at 210 West 55th […]



source https://therealdeal.com/2018/11/01/dream-hotel-group-midtown-loan/

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