Rosenberg & Estis, P.C. Completes $145M Re-Financing for Luxury Tribeca Hotel

 NEW YORK, Aug. 4, 2025 – Rosenberg & Estis, P.C., celebrating 50 years as one of New York City’s pre-eminent real estate law firms, announced it represented the borrower in a $145 million refinancing for the five-star Hôtel Barrière Fouquet located at 456 Greenwich St. in New York’s trendy Tribeca neighborhood, the first U.S. location for the storied French brand.

Managing Member Michael E. Lefkowitz and Member Sean M. Garahan guided a team that included Associates Jenna Corcoran and Olivia Morri that represented the borrower, CBCS Washington Street LP, in arranging the new senior mortgage loan with affiliates of Goldman Sachs & Co. Attorneys from Haynes and Boone LLP represented the lender.

The loan will replace construction financing for the development of the 97-key hotel, which opened in 2022 and has quickly become a Tribeca standout. With a classic Parisian brasserie, luxurious spa, art deco interiors, and a private screening room, Hôtel Barrière Fouquet’s New York offers an intimate yet opulent guest experience in one of Manhattan’s most sought-after neighborhoods.

“This refinancing replaces development capital and positions the asset for long-term success,” said Garahan. “It marks a significant vote of confidence in the asset and in the long-term value of luxury hospitality in Manhattan.”

Garahan and Lefkowitz advised the client through a multi-layered process that included replacing original construction and mezzanine financing, provided by South Korea-based Hana Financial Investment, and navigating a challenging ground lease structure.

“This deal is an example of Rosenberg & Estis’ strength in managing complex real estate transactions,” said Lefkowitz.  “This was a sophisticated capital restructuring for a high-value asset in one of the most competitive markets in the country. We were proud to help structure and execute the deal with a marquee institutional lender.”

Garahan recently joined Rosenberg & Estis as part of its growing Transactions practice, which is focused on guiding clients through acquisitions, financings, restructurings, and development projects across New York City.

 

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About Rosenberg & Estis, P.C.

 

Founded in 1975, Rosenberg & Estis, P.C. is widely recognized as one of New York City’s pre-eminent real estate law firms. R&E provides full-service representation and advice in every aspect of real estate, from performing due diligence and evaluating financing, to handling joint ventures, acquisitions and leasing, construction and design team agreements, property tax exemptions and abatements, land use and zoning matters, Real Property Income & Expense (RPIE) filings, real estate tax certiorari, co-op and condo offering plan filings and board representation, distressed situations workouts, foreclosures and bankruptcies, trust and estate planning, as well as the litigations and negotiations which sometimes ensue when deal-making. R&E’s wealth of experience in New York real estate makes it the ideal thought partner for owners, developers, not-for-profit corporations, educational institutions, sponsors, equity investors and lenders in both real estate transactions and in all court venues.