Updated Oct 29, 2024
Citizens Bank Provides $30.5M Loan For Hotel In San Jose
111 East Gish Road
$30,500,000
$1,102/SF
Building Size
27,676 SF
Asset Type
Hotel
Closing
Feb 6, 2019
About this deal
AI
The asset involved in this transaction is a hotel located at 111 East Gish St. in San Jose. The property was sold by Westlake Realty Group and the deal was facilitated by the brokerage firm CBRE. The loan for this transaction was provided by Citizens Bank in the amount of $30,500,000.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $30,500,000
- Address: 111 East Gish St.
- Market: San Jose
William H.C. Chang captured an image of the property, which can be viewed on Instagram.
Players
San Jose Hotel Market Snapshot
Boundary boundary · Hotel · Loan transactions
Loading comparables…
Deal FAQ
Browse San Jose hotel loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.52%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93