Stonehill Provides $30M Refinance Loan For Glendale, San Jose, & Portland Hotels
FINANCED
$30,000,000
California
See Similar DealsHotel
Financed 01/06/2022
FINANCED
Stonehill Provides $30M Refinance Loan For Glendale, San Jose, & Portland Hotels
225 East Wilson Avenue, Glendale, California 91206, United States
See Similar DealsHotel
Financed 01/06/2022
Summary
CALIFORNIA
Asset Type:Hotel
Transaction Type:Loan
The property involved in the transaction is a hotel located at 225 W. Wilson Avenue, 601 SW 11th Avenue, 2105 North 1st Street, and 82 Karina Court. The hotel has a total of 754 keys and is situated in Glendale, San Jose, and Portland, Ore.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $30,000,000
- Address: 225 W. Wilson Avenue, 601 SW 11th Avenue, 2105 North 1st Street, and 82 Karina Court
- Market: Glendale, San Jose, and Portland, Ore.
The lender involved in this transaction is Stonehill, represented by Mathew Crosswy. The loan type is a refinance loan. The landlord of the property is the Shashi Group and Liberty Hotel Investments.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$30,000,000.00
Monthly NOI$200,000.00
Monthly Debt Service$189,620.41
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions