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Hotel Loan for McSam Site

Pembrook Capital Management LLC announced the closing of a $24.8 million bridge loan to fund the acquisition by McSam Hotel Group of a Manhattan development site. Located on West 37th Street between Eight and Ninth Avenues, the current parking lots will be developed into a hotel. 2014-04-23-RealEstateWeekly-Hotel-Loan-for-McSam-Site or [Real Estate Weekly]