Updated Oct 29, 2024
Somera Capital Management And Tyler Development Secure $36.3M Loan For Silicon Valley Hotel
1995 South Bascom Avenue, Campbell, CA, USA
$36,300,000
$6,934/SF
Building Size
5,235 SF
Asset Type
Hotel
Closing
Apr 3, 2019
About this deal
AI
Located at 1995 South Bascom Ave in Silicon Valley, this hotel property was involved in a closed transaction. The property, owned by Somera Capital Management and Tyler Development, attracted a loan from Guggenheim Partners.
Summary of transaction details:
- Property Type: Hotel
- Loan Amount: $36,300,000
- Loan Terms: 12-year
- Lender: Guggenheim Partners
- Landlord: Somera Capital Management and Tyler Development
Guggenheim Partners played a crucial role in this deal by providing the loan for the hotel property. This transaction demonstrates the confidence that Guggenheim Partners has in the potential of the property owned by Somera Capital Management and Tyler Development.
Players
Campbell 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
0.44%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93