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Crosby Street Hotel

Lending • Mezzanine Loan

New York, NY
$22,000,000

RHF’s mezzanine loan behind a new $43,000,000 first mortgage refinanced our London-based borrower’s first hotel in the U.S. The 86-room, five-star hotel is one of the premier boutique hotels in Manhattan. RHF’s familiarity with the New York market and in-depth understanding of the borrower’s unique luxury operating model allowed us to provide the financing necessary for our borrower to expand their U.S. portfolio.