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Northwood Investors Acquires Hollywood Hills Hotel With $165M Loan

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FINANCED
$165,000,000
Dustin Stolly
Christopher (Chris) Kramer
+ 2

California

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Hotel1,570 SF
Financed 02/22/2019
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Property Image
FINANCED

Northwood Investors Acquires Hollywood Hills Hotel With $165M Loan

1020 North San Vicente Boulevard, West Hollywood, CA, USA

See Similar Deals
Hotel1,570 SF
Financed 02/22/2019
Dustin Stolly
Christopher (Chris) Kramer
+ 2
Contact now

Summary

CALIFORNIA
Asset Type:Hotel
Price Per Square Foot:$105,095
Total Square Footage:1,570 SF
Transaction Type:Loan

The Hollywood Hills hotel located at 1020 N. San Vicente Blvd has recently been involved in a loan transaction. The loan was provided by SocGen and Crédit Agricole for a total amount of $165M. The loan terms span over a period of 5 years. This hotel property consists of 226 units and is owned by Northwood Investors. The transaction was facilitated by brokers Dustin Stolly, Jordan Roeschlaub, Nick Scribani, Christopher Kramer, Adam Etra, Mark Schoenholtz, and Lawrence Wolfe from Newmark Knight Frank.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: $165M
  • Loan Terms: 5 years
  • Units: 226
  • Lender: SocGen, Crédit Agricole
  • Landlord: Northwood Investors
  • Brokers: Dustin Stolly, Jordan Roeschlaub, Nick Scribani, Christopher Kramer, Adam Etra, Mark Schoenholtz & Lawrence Wolfe from Newmark Knight Frank

This transaction involved a loan for the Hollywood Hills hotel, with SocGen and Crédit Agricole as the lenders. The loan amount of $165M will be repaid over a period of 5 years. The property, owned by Northwood Investors, comprises 226 units. The deal was facilitated by brokers Dustin Stolly, Jordan Roeschlaub, Nick Scribani, Christopher Kramer, Adam Etra, Mark Schoenholtz, and Lawrence Wolfe from Newmark Knight Frank.

Players

Dustin Stolly
264 deals$49.1B volume
BROKER

Nick Scribani
Newmark
191 deals$55.1B volume(212) 372-2113
BROKER

Mark Schoenholtz
Newmark
4 deals$324.1M volume
BROKER

Christopher (Chris) Kramer
Newmark
112 deals$21.8B volume(212) 850-5472
BROKER

Adam Etra
Newmark
10 deals$1.2B volume
BROKER

Northwood Investors
LANDLORD

Details

FINANCED
IMAGE: Jordan Roeschlaub, Dustin Stolly and Nick Scribani DATE: 02/22/2019 ADDRESS: 1020 N. San Vicente Blvd MARKET: Hollywood Hills ASSET TYPE: Hotel LENDER: SocGen, Crédit Agricole LANDLORD: Northwood Investors BROKERS: Dustin Stolly, Jordan Roeschlaub, Nick Scribani, Christopher Kramer, Adam Etra, Mark Schoenholtz & Lawrence Wolfe @newmarkkf - LOAN AMOUNT: $165M LOAN TERMS: 5-y UNITS: 226

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$165,000,000.00

Monthly NOI$1,100,000.00
Monthly Debt Service$1,042,912.24
Change in Cash Flow$0.00
Refinance Proceeds$0.00