NEW ROCHELLE, N.Y. — Cooper-Horowitz has arranged $6.5 million in permanent financing for The Radisson Hotel of New Rochelle. Michael Moloff and Mark Waldman of Cooper-Horowitz negotiated the loan on behalf of the borrower, Brock Services Corporation. A 5-year mortgage was secured at a rate of 7 percent with a 5-year extension option. The Radisson Hotel consists of a 10-story, 135,000-square-foot full-service hotel and corporate office building. The property features 129 guestrooms, 12 office tenants and 225 parking spaces. The property is located 19 miles north of Manhattan off I-95, within walking distance to Metro North and Amtrak rail stations. It is the only full-service hotel in New Rochelle and has amenities including, an outdoor pool, a business center, a full-service restaurant, a lounge, and 6,400 square feet of banquet facilities.
COOPER-HOROWITZ ARRANGES $6.5 MILLION LOAN