ATLANTA—Officers of Entry Level Monetary (APF) introduced the corporate has supplied $195 million refinancing for The Beekman, A Thompson Lodge in Manhattan, New York.
“This financing highlights Entry Level’s capacity to maneuver decisively on hospitality transactions and portfolios of any dimension and chain scale, from luxurious to mid-scale extended-stay and every part in-between,” stated Michael I. Lipson, CEO and chairman of the board, Entry Level Monetary. “On this capital markets surroundings, we work tirelessly with homeowners to offer actionable capital options tailor-made to every scenario.”
Situated in Manhattan’s Monetary District, the 287-room luxurious life-style lodge is affiliated with the Hyatt Thompson Model. The lodge was reworked by GFI from the Temple Courtroom constructing and features a nine-story atrium foyer and meals and beverage choices from restauranteurs Tom Colicchio and Daniel Boulud. “The APF crew was a pleasure to work with, communicative, responsive, and capable of hit the timelines the transaction required,” stated Stan Spiegelman, CIO, GFI. “Our current relationship, together with the direct communication and collaboration within the course of allowed us to come back to phrases shortly and take away any doubt round execution threat.”
“This demonstrates each our vary of capital options and our dedication to being a dependable and trusted counterparty,” stated James Reivitis, chief growth officer, Entry Level Monetary. “Our platform delivers the pliability and capability to offer single asset and portfolio bridge loans, in addition to building, everlasting, mezzanine loans, and most popular fairness. Our purpose is to be top-of-mind for anybody requiring hospitality capital options.”
Eastdil acted as an advisor to the sponsor.
