REBusinessOnline

Helmsley Spear Arranges $9.5M Refinancing Loan for Kings Hotel in Brooklyn

king's-brooklyn

The King's Hotel is located at 2416 Atlantic Ave. in Brooklyn.

NEW YORK CITY — Helmsley Spear LLC has arranged a $9.5 million refinancing loan for the 49-room Kings Hotel in Brooklyn. Crown Bank provided the 10-year, fixed-rate loan that carries a 25-year amortization schedule. Located at 2416 Atlantic Ave., the hotel features a fitness center and conference rooms. Showket Ahamed of Helmsley Spear arranged the financing.

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