[New post] Lightstone Gets $130Mln of Construction Debt for Lower Manhattan Hotel Project

Dan Moynihan posted: "MSD Partners has provided $90 million of senior financing and Lionheart Strategic Management has provided $40 million of mezzanine financing to fund the construction of the 303-room Moxy Hotel at 145 Bowery in Manhattan. The property is being developed" New post on Commercial Real Estate Direct Lightstone Gets $130Mln of Construction Debt for Lower Manhattan Hotel Project by Dan Moynihan MSD Partners has provided $90 million of senior financing and Lionheart Strategic Management has provided $40 million of mezzanine financing to fund the construction of the 303-room Moxy Hotel at 145 Bowery in Manhattan. The property is being developed by Lightstone Group, which had acquired the site in 2018 for $27.85 million, according to city records. […] Read more of this post Dan Moynihan | July 27, 2021 at 10:01 am | Categories: General News | URL: https://wp.me/pcdE10-2i8c Unsubscribe to no longer receive posts from Commercial Real Estate Direct. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://crenews.com/2021/07/27/lightstone-gets-130mln-of-construction-debt-for-lower-manhattan-hotel-project/