FINANCEDHotel
Continental Partners Provides $37.5M Bridge Loan For Galleria Park Hotel In San Francisco
191 Sutter Street, San Francisco, California 94115, United States
$37,500,000
$341/SF
Building Size
109,673 SF
Asset Type
Hotel
Closing
May 5, 2022
AI
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $37,500,000
- Address: 191 Sutter St.
- Market: Financial District, San Francisco
- SF: 109,673
- Keys: 177
- Lender: Continental Partners
- Landlord: Galleria Park Hotel Group
- Brokers: Ryan Foster & Mitch Paskover - Continental Partners
Players
San Francisco Hotel Market Snapshot
Boundary boundary · Hotel · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93