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CBRE Arranges $55M Loan For Phoenix Airport Hotels From Maxim Capital Group And Beach Point Capital Management

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FINANCED
$55,000,000

Arizona

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Hotel
Financed 02/02/2023
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FINANCED

CBRE Arranges $55M Loan For Phoenix Airport Hotels From Maxim Capital Group And Beach Point Capital Management

2435 S 47th St (Hilton Phoenix Airport),Phoenix, AZ & 4300 E Washington St,Phoenix, AZ

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Hotel
Financed 02/02/2023
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Summary

ARIZONA
Asset Type:Hotel
Transaction Type:Loan

The Hilton Phoenix Airport property located at 2435 S 47th St and the Crowne Plaza Phoenix Airport located at 4300 E Washington St have been involved in a loan transaction. The loan was provided by Maxim Capital Group and Beach Point Capital Management for a total amount of $55,000,000. Lawrence Britvan from CBRE represented the parties involved in this deal.

Summary of transaction details

This loan transaction involves the Hilton Phoenix Airport and Crowne Plaza Phoenix Airport properties in Phoenix, Arizona. The loan amount of $55,000,000 was provided by Maxim Capital Group and Beach Point Capital Management. Lawrence Britvan from CBRE served as the broker representing the parties involved in this deal.

Players

Lawrence Britvan
CBRE
Lawrence Britvan
6 deals$1.1B volume(212) 984-8098
BROKER
Maxim Capital Group
Maxim Capital Group
LENDER
BM
Beach Point Capital Management
LENDER

Details

FINANCED
IMAGE: Lawrence Britvan DATE: 02/02/2023 ADDRESS: 2435 S 47th St (Hilton Phoenix Airport) & 4300 E Washington St (Crowne Plaza Phoenix Airport) MARKET: Phoenix, AZ ASSET TYPE: Hotel LENDER: Maxim Capital Group & Beach Point Capital Management BROKERS: Lawrence Britvan - CBRE LOAN AMOUNT: $55,000,000

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$55,000,000.00

Monthly NOI$366,666.67
Monthly Debt Service$347,637.41
Change in Cash Flow$0.00
Refinance Proceeds$0.00