Paramdeep Singh obtained financing of $17M from W Financial Fund

Paramdeep Singh through the entity Key Hotels, LLC as borrower signed a loan agreement with lender W Financial Fund, Lp valued at $16.8 million for 1 parcel, including the tax class transient occupancy hotel in midtown Manhattan area (H3) at 129 West 46 Street in Times Square. The deal closed on July 29, 2019 and was recorded on August 06, 2019.
The property contains a total of 37,644 square feet of built space. The property has 10,394 square feet of available development rights.
The average loan per buildable square foot is $445.
The last time the property sold was December 03, 2013, for $2,622,408.

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Direct link to the city’s interactive property map, ZOLA. link

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