LoanCore and KSL provided the debt
David Lichtenstein’s Lightstone Group has secured $155 million from LoanCore Capital and KSL Capital Partners to refinance 105 West 28th Street, according to CO. The Moxy Chelsea hotel spans 145,344 square feet, and contains 349 micro-rooms.
Worth Noting: True to the Marriott Moxy brand, the new hotel offers amenities that cater to millennials, including a co-working lounge, a rooftop bar with 360-degree views of the city, and Italian restaurant Feroce. It’s located between Avenue of the Americas and Seventh Avenue.
Financing details: The new financing replaces a $58 million construction loan provided by Bank of the Ozarks in 2016.