Black Bear Capital Partners Refinances Best Western Plus Hotel In Yuma, AZ For $9M
10731 South Frontage Road, Yuma, Arizona 85367, United States
$9,000,000
Building Size
—
Asset Type
Hotel
Closing
Jun 17, 2022
About this deal
AI
The Best Western Plus hotel located at 10731 E South Frontage Road in Yuma, AZ has undergone a refinancing transaction. The property consists of 97 keys, offering comfortable accommodations to visitors.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $9,000,000
- Address: 10731 E South Frontage Road, Yuma, AZ
- Market: Yuma, AZ
- Loan Type: Refinance
- Loan Terms: 10-year fixed rate loan
The refinancing of the 97-key Best Western Plus hotel was facilitated by Suraj Desai of Black Bear Capital Partners. Their expertise in the field of real estate financing ensured the successful completion of the deal.
On the Map
$9,000,000
Hotel
View full map
Players
Yuma Hotel Market Snapshot
Boundary boundary · Hotel · Loan transactions
Loading comparables…
Deal FAQ
Browse Arizona hotel loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93