Joseph Sitt’s Thor Equities refinanced the James New York hotel in Soho, which it plans to revamp with the new financing. The real estate firm landed a $50 million loan from Amherst Capital Management, sources told The Real Deal. The debt, a three-year loan with two one-year extensions, refinances Thor’s 2017 acquisition loan of $44 million from French bank Natixis, which was later assigned to Waterfall Asset Management. About $20 million of the financing will […]
source https://therealdeal.com/2019/05/30/thor-plans-overhaul-of-st-james-hotel/
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