Developer Sam Chang has refinanced a Midtown West hotel that is currently under construction with a $215 million loan. Deutsche Bank provided the loan for 346 West 40th Street, thus replacing a $52 million construction loan from the Bank of the Ozarks, records filed with the city’s Department of Finance show. Chang’s McSam Hotel Group is currently building a 612-key hotel on the site, which was formerly home to a parking garage. The new loan … [more]