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Lam Group refinances 6 Platt Street

Credit: PAL AMG

Another deal… The Lam Group has secured a $67.5 million loan from Investors Bank to refinance 6 Platt Street. The Four Points by Sheraton spans 114,226 SF, and contains 261 hotel rooms. 

  • Financing details: The new loan replaces $66.2 million of outstanding debt from previous financing provided by Shanghai Commercial Bank in 2016. It also includes $1.3 million in new financing, according to the CO.
  • Dig Deeper: The hotel sits between Gold and Pearl Streets, a few blocks away from the New York Stock Exchange. Rooms start at $159 per night. 

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