Chetrit gets $185M loan to renovate NYC’s formerly filthiest hotel – Robert Khodadadian

Joseph Chetrit has scored a loan to revamp one of Times Square’s dirtiest hotels. Chetrit’s firm, The Chetrit Group, secured a $185 million construction loan from Mack Real Estate Credit Strategies for the 570-key Hotel Carter at 250 West 43rd Street, according to a person familiar with the deal. The financing will replace a $152 million bridge loan from JPMorgan in 2018. Surya Capital Partners’ Adi Chugh arranged the financing for Chetrit. He had also

Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Commercial Real Estate, Home Page, Chetrit, Hotels, Manhattan, Times Square The Real Deal New York Read More