LMF Commercial Refinances 106-Key Hotel In Birmingham, AL For $7.4M

The hotel property located at 6220 Farley Ct. in Birmingham, AL has recently undergone a loan refinance transaction. The asset, consisting of 106 keys, was refinanced with a loan amount of $7,400,000. The terms of the loan include a 10-year fixed rate and a loan-to-value (LTV) ratio of 67.3% under CMBS financing.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $7,400,000
• Address: 6220 Farley Ct.
• Market: Birmingham, AL
• Lender: LMF Commercial (A Lennar Co.) - Nihad Choudhury
• Landlord: Shreyas Patel
• Brokers: Rushi Shah & Prabhat Jayara - Mag Mile Capital
• Loan Type: Refinance
• Loan Terms: CMBS, 10-yr fixed, 67.3% LTV

In this transaction, Nihad Choudhury from LMF Commercial (A Lennar Co.) acted as the lender. The landlord of the property is Shreyas Patel. Rushi Shah and Prabhat Jayara, representing Mag Mile Capital, served as the brokers in the deal.