Investment Spotlight

Property: The Mark Hotel and Residences

The Mark Hotel and Residences

Acquisition and subsequent restructuring of the non-performing, first mortgage loan secured by the leasehold interest in The Mark Hotel and Residences, a recently fully renovated 5-star hotel, residential and retail property on Manhattan's Upper East Side.

Investment Highlights:

  • Resolved over-leveraged capital structure
  • Basis significantly below replacement cost
  • Sourced through borrower
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