Hankey Capital And Priyesh R. Bhakta Provide $29M Loan For Hotel Acquisition On West Huntington Drive In San Gabriel Valley
FINANCED
$29,000,000
California
See Similar DealsHotel14,000 SF
Financed 06/15/2020
FINANCED
Hankey Capital And Priyesh R. Bhakta Provide $29M Loan For Hotel Acquisition On West Huntington Drive In San Gabriel Valley
130 West Huntington Drive, Arcadia, CA 91007
See Similar DealsHotel14,000 SF
Financed 06/15/2020
Summary
CALIFORNIA
Asset Type:Hotel
Price Per Square Foot:$2,071
Total Square Footage:14,000 SF
Transaction Type:Loan
A hotel located at 130 West Huntington Drive in San Gabriel Valley has been involved in a recent transaction. The property, with a size of 14,000 square feet, was part of a loan deal.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $29,000,000
- Address: 130 West Huntington Drive
- Market: San Gabriel Valley
The loan for this hotel was provided by Hankey Capital, represented by Don Hankey and Priyesh R. Bhakta. The landlord of the property is Chateau Group USA.
This transaction took place on June 15, 2021. The loan amount of $29,000,000 was secured for the hotel, which spans 14,000 square feet in size.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$29,000,000.00
Monthly NOI$193,333.33
Monthly Debt Service$183,299.73
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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