facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Alabama

/

Hotel

/

Loan

/

1120 Veterans Memorial Parkway

Michael J. Gefter Secures $7,875,600 Loan For Hotel At 1120 Veterans Memorial Parkway
FINANCEDHotel

Michael J. Gefter Secures $7,875,600 Loan For Hotel At 1120 Veterans Memorial Parkway

1120 Veterans Memorial Parkway

$7,875,600

$131/SF

Building Size

59,798 SF

Asset Type

Hotel

Closing

May 10, 2021

AI

The property asset involved in this transaction is a hotel located at 1120 Veterans Memorial Parkway in the Tuscaloosa market. The transaction includes a loan amount of $7,875,600.00.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: $7,875,600.00
  • Address: 1120 Veterans Memorial Parkway
  • Market: Tuscaloosa
  • Brokers: Michael J. Gefter

This transaction features Michael J. Gefter, who represents the interests of the parties involved in the deal. The specific roles of the buyer or seller have not been detailed in the provided context.

Players

Michael Gefter

Wolf Investment Partners

Broker

$121.1M

vol

42 deals

Broker
S
SmartBankLender

Tuscaloosa Hotel Market Snapshot

Boundary boundary · Hotel · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.01%

Cash-on-Cash

-0.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93