Updated Feb 24, 2025
Seven Hills Realty Trust Closes $29M Bridge Loan For SunCoast Park Hotel In Anaheim, California
1640 South Clementine Street
$29,000,000
Building Size
—
Asset Type
Hotel
Closing
Dec 5, 2023
About this deal
AI
Seven Hills Realty Trust (SEVN) closed a $29.0 million bridge loan for the SunCoast Park Hotel Anaheim, part of Hilton's Tapestry Collection. The 174-room hotel in Anaheim, California offers SEVN diversification and an attractive risk-adjusted return with a two-year initial term and three one-year extension options.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $29,000,000
- Address: 1640 South Clementine Street - SunCoast Park Hotel Anaheim, Tapestry Collection by Hilton
- Market: Anaheim
- Keys: 174
Tom Lorenzini of Seven Hills Realty Trust represented the landlord in this transaction.
On the Map
$29,000,000
Hotel
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Anaheim Hotel Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.55%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93