Sam Chang gets $160M refi for Hyatt Place hotel

Sam Chang’s McSam Group has landed a $160 million refinancing for an under-construction Hyatt Place hotel in the Garment District. The new debt from Deutsche Bank at 350 West 39th Street replaces a $95 million debt package from Bank OZK – then known as Bank of the Ozarks – from 2017, and consists of a $32 million project loan, a $67 million building loan, and a $61 million senior loan, according to city records recorded […]

from The Real Deal New York https://ift.tt/2uaEWwt

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