Katz, Silbersher and Kimyagarov of Deerwood negotiate $160 million in financing

Deerwood Real Estate Capital, a commercial mortgage brokerage and advisory firm, has arranged $160 million in financing for the Gansevoort Park Hotel located at 420 Park Ave. South. Deerwood's Abe Katz, Mark Silbersher, and Russell Kimyagarov negotiated a 10-year, fixed-rate loan, comprised of senior and mezzanine debt. Citigroup refinanced the hotel's first mortgage for $140 million and Redwood refinanced the mezzanine debt for $20 million. Open since 2010, the property is the second Gansevoort outpost in N.Y.C., following the Gansevoort Meatpacking which aided in the rebirth of the Meatpacking District. The 20-floor urban resort features 249 rooms and suites; a heated indoor-outdoor pool; Gansevoort Park Rooftop, a tri-level rooftop with six event spaces and outdoor terraces; a full-service spa and fitness room; and unobstructed views of the Empire State Building. Deerwood Real Estate Capital is a commercial mortgage brokerage specializing in assisting clients in sourcing debt and equity. Focusing on all commercial real estate asset classes including multifamily, office, retail, industrial, hospitality, and healthcare, the firm stands apart from others in the industry through its commitment to customizing solutions and serving not just as brokers, but as advisors. The partners of Deerwood have a combined track record of successfully closing more than $25 billion in deals. Learn more at http://www.deerwoodcap.com.