Updated Oct 29, 2024
Calmwater Capital Provides $66.5M Loan For Hollywood Hotel Property
1541 Wilcox Avenue, Los Angeles, CA 90028, USA
$66,500,000
$353/SF
Building Size
188,390 SF
Asset Type
Hotel
Closing
Feb 12, 2019
About this deal
AI
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
Los Angeles Hotel Market Snapshot
Boundary boundary · Hotel · Loan transactions
Loading comparables…
Deal FAQ
Browse California hotel loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93