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
$55,000,000
Building Size
—
Asset Type
Hotel
Closing
Feb 2, 2023
About this deal
AI
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
- Property Type: Hotel
- Transaction Amount: $55,000,000
- Lender: Maxim Capital Group & Beach Point Capital Management
- Broker: Lawrence Britvan - CBRE
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.
On the Map
$55,000,000
Hotel
View full map
Players
Phoenix 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
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93