Updated Mar 11, 2025
Mack Real Estate Credit Strategies Refinances Hotel In Napa Valley For $235M
200 Stanly Crossroad
$235,000,000
Building Size
—
Asset Type
Hotel
Closing
Aug 18, 2022
About this deal
AI
An undisclosed hotel property located at 200 Stanly Crossroad in Napa Valley has undergone a refinancing transaction. The asset was involved in a closed deal, with a loan amount of $235,000,000 secured from Mack Real Estate Credit Strategies, represented by Richard Mack. The landlord, Mandrake Capital Partners, represented by Ben Haefele, oversaw the refinance process. The brokers involved in the transaction were Jordan Roeschlaub, Dustin Stolly, and Nick Scribani from Newmark.
Summary of transaction details:
- Property Type: Hotel
- Loan Amount: $235,000,000
- Loan Type: Refinance
- Address: 200 Stanly Crossroad
- Market: Napa Valley
The extraordinary refinancing deal was made possible by the collaboration between Mack Real Estate Credit Strategies, headed by Richard Mack, as the lender, and Mandrake Capital Partners, led by Ben Haefele, as the landlord. Jordan Roeschlaub, Dustin Stolly, and Nick Scribani from Newmark played vital roles as brokers representing the involved parties throughout the transaction.
Players
Napa Hotel Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93