Updated Jul 30, 2025
Mesa West Capital Provides $55M Refinance Loan For 186-Room Burton House Beverly Hills
1177 South Beverly Drive
$55,000,000
Building Size
—
Asset Type
Hotel
Closing
Jul 28, 2025
About this deal
AI
The Burton House Beverly Hills is a hotel situated at 1177 South Beverly Drive in the Los Angeles market. It features 186 keys and has undergone a significant renovation and repositioning under Marriott’s Tribute Portfolio brand, amounting to $13.7 million.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $55,000,000
- Lender: Mesa West Capital
- Landlord: Robert Alter - Seaview Investors
- Broker: Eastdil Secured
- Loan Type: Refinance
- Loan Terms: Five-year, nonrecourse
Mesa West Capital provided a first mortgage loan to Seaview Investors to refinance the property. The financing was arranged by Eastdil Secured and structured as a five-year, nonrecourse loan.
On the Map
$55,000,000
Hotel
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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