Korean lender Shinhan Investment wants to sell its $60 million mezzanine loan on the Public Hotel in the Lower East Side, the Commercial Observer reported. The hotel is owned by hotelier Ian Schrager and the Witkoff Group. Deutsche Bank is the senior lender of the property, having provided the owners with a $173 million refinancing in March 2019. Cushman & Wakefield’s Adam Spies, Jared Kelso and Dan O’Brien are marketing the mezz loan. The 367-room
source https://therealdeal.com/2020/09/24/60m-mezz-loan-on-ian-schragers-public-hotel-is-for-sale/
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