The Martinique Bridge Loan
Curio Collection by Hilton · Broadway at 32nd Street, Manhattan · A landmark since 1898
- Loan amount
- $20M
- Current pay
- 14%paid monthly
- Term
- 3 years
- Target multiple
- 1.42×
- Loan to value
- 39%through this loan, stabilized
- Exit
- 2029refinancing at stabilization
- $44.3M of historic tax credits approved by the National Park Service and monetized with PNC Bank.
- $58M of restoration already in place, with the remaining construction budget fully funded through completion.
- Personal completion guarantees from the sponsors, with all work scheduled in service by year end 2028.
- Contractual retail income from a leased Broadway base, including Carnegie Diner and Michelin starred Noksu.
For accredited investors only. This is not an offer to sell or a solicitation of an offer to buy any security; any offering is made only through the offering memorandum and related documents. Terms are subject to change.