- DC

ew york — Silver Arch Capital Partners announces a $30.4 mil- N Company completes acquisition financing to rebrand property Silver Arch Capital Partners announces $30.4m loan closing on Out Hotel, NYC

ISSUE HIGHLIGHTS Volume 29 Issue 10 May 12 - 25, 2017 Over $1.4B in financing arranged for NRDC

lion loan clos- ing f or the purchase of the Out Hotel in midtown Manhattan. The purchase will also her- ald the return of the legend-

room and retail shop. The property is located on West 42nd Street between 10th and 11th avenues in the heart of Theatre Row, a coveted location surrounded by Off-Broadway playhouses, and lies within comfortable walking distance to such popular tourist attractions as the world-famous Times Square and the Intrepid Sea, Air & Space Museum. All of these exhilarating changes coming to the Big Apple were made possible by Silver Arch Capital Partners, a national private lender with headquarters in Hackensack, NJ. The Carlton Group was the broker on the transaction. Carl- ton Group Chairman Howard Michaels and Managing Direc- tor Steven Weiss represented Cachet Boutique New York hotel

for the sophisticated traveler. The hotel will feature guest rooms adorned with urban chic furnishings and art-deco decor. Amenities include extrava- gantly expansive and indulgent personal wellness facilities, such as an open-air Zen garden and an outdoor spa and Jacuzzi. A central feature of the hotel, the Great Lawn, is a 2,000 s/f indoor-outdoor wine bar and meeting and event space, com- plete with crackling fire pits. For on-site dining, the rustic Eden restaurant will provide exquisite cuisine for breakfast, lunch and dinner. The new Playboy Club is set to open more than 30 years after the original Playboy Club closed in 1986. This latest itera- tion will feature a lounge bar, full-service dining room, game

the borrower. “We needed a lender who could think outside the box,” said Weiss. “Jeffrey Wolfer, President and CEO of Silver Arch Capital Partners, was able to quickly underwrite the deal and deliver on a first mortgage bridge loan for the acquisition and renovation of the Cachet Hotel NYC and the iconic Play- boy Club.” “We, along with our partners, are pleased to help Merchants Hospitality kick-start its latest real estate venture,” adds Jef- frey Wolfer. “Borrowers look to us when they can’t secure conventional lending. Silver Arch Capital offers quick loan closings on real estate with unique circumstances that tend to cause traditional lenders to turn away.” n contract term and existing retail colocation clients made the agreement complex. Rick Drescher an d Ian Zilla of Savills Studley worked with ANEXIO’s executive man- agement team to address all aspects of the transaction, including ensuring the transi- tion from the existing provider to ANEXIO went as smoothly as possible. While the techni- cal and operational aspects of the arrangement were com- plex, so was finding the right financial structure that would be accepted by all three parties – ANEXIO, RagingWire and the existing tenant. “As ANEXIO continues to expand its customer base and service offerings, their exist- ing data center inventory in Northern Virginia is quickly being consumed by custom- ers,” said Drescher. n


Jeffrey Wolfer

ary Playboy Club to New York City on the hotel’s grounds later this year. The borrower, real estate management company Mer- chants Hospitality, Inc., has entered a partnership with hotel and restaurant branding company Cachet Hospitality Group to transform the 105- room, three-story Out Hotel located in Hell’s Kitchen into the future Cachet Boutique New York hotel. Playboy Enter- prises, Inc., in turn, has part- nered with global hotel entity Cachet to construct a Playboy Club franchise location on the property’s ground floor. Expected to launch in 2017, the Cachet Boutique New York will be a world-class destination

Central NJ Spotlight


Upcoming Conferences May 10, 2017 Pittsburgh Multifamily Summit May 17, 2017 2 nd Annual Delaware CRE Forecast Summit June 22, 2017 2 nd Annual Philadelphia Healthcare & Medical Properties Conference For speaking and sponsorship information, please contact: Linda at 781-740-2900 or lchristman@marejournal.com

Savills Studley Critical Facilities Group secures 1MW of data center space for ANEXIO in VA

Ashburn, VA — Savills Studley , a leading commercial real estate firm specializing in tenant representation, an- nounced that the company’s Critical Facilities Group se-


Financial Digest................................................7-11A New Jersey................................................. Section B Pennsylvania.............................................. Section C NJAA 2017 Conference............................... Section D

RagingWire Data Center

cured 1MW of data center ca- pacity for ANEXIO, a Raleigh, NC-based company that pro- vides large-scale Infrastruc- ture-as-a-Service solutions from desktops to data centers. Savills Studley worked with ANEXIO to acquire and re- structure an existing agree- ment for data center capac- ity from RagingWire Data

Centers in the company’s VA1 facility in Ashburn and CA1 facility in Sacramento, California. An existing tenant within the RagingWire facility who provided retail colocation and managed services no lon- ger required the capacity, and was looking for a way to reduce their remaining obligation and exit the business. Remaining

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