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Calmwater Capital Provides $66.5M Loan For Hollywood Hotel Property

Property Image
FINANCED
$66,500,000

California

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Hotel188,390 SF
Financed 02/13/2019
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Property Image
FINANCED

Calmwater Capital Provides $66.5M Loan For Hollywood Hotel Property

1541 Wilcox Avenue, Los Angeles, CA 90028, USA

See Similar Deals
Hotel188,390 SF
Financed 02/13/2019
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Hotel
Price Per Square Foot:$353
Total Square Footage:188,390 SF
Transaction Type:Loan

The hotel located at 1541 Wilcox Ave in Hollywood has been involved in a closed transaction. The property spans 188,390 square feet and is owned by Relevant Group.

Summary of transaction details

  • Property Type: Hotel
  • Transaction Amount: $66.5M
  • Address: 1541 Wilcox Ave
  • Market: Hollywood
  • Lender: Calmwater Capital
  • Landlord: Relevant Group

One of the key players in this deal is Calmwater Capital, who provided a loan of $66.5M for the transaction. The Relevant Group, as the landlord, facilitated the closed transaction.

Players

Calmwater Capital
Calmwater Capital
LENDER
RG
Relevant Group
LANDLORD

Details

FINANCED
IMAGE: Larry Grantham DATE: 02/13/2019 ADDRESS: 1541 Wilcox Ave. MARKET: Hollywood ASSET TYPE: Hotel LENDER: Calmwater Capital LANDLORD: Relevant Group LOAN AMOUNT: $66.5M SF: 188,390

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$66,500,000.00

Monthly NOI$443,333.33
Monthly Debt Service$420,325.24
Change in Cash Flow$0.00
Refinance Proceeds$0.00