Updated Dec 4, 2024
Suraj Desai-Black Bear Capital Partners Arranges $8.8M Refinance Loan For Walnut Creek Hotel
2389 North Main Street
$8,832,000
Building Size
—
Asset Type
Hotel
Closing
Nov 3, 2023
About this deal
AI
The Motel 6 property located at 2389 North Main Street in Walnut Creek, CA has undergone a refinancing transaction. The property, which is a hotel, was refinanced for an amount of $8,832,000 through a fixed-rate loan.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $8,832,000
- Address: 2389 North Main Street, Walnut Creek, CA
- Market: Walnut Creek, CA
Suraj Desai from Black Bear Capital Partners acted as the capital advisory for this transaction.
The hotel loan at 2389 North Main Street in Walnut Creek, California financed for $8.8M in 2023. 2389 North Main Street is classified as Hotel on Traded. Suraj Desai, Black Bear Capital Partners appear on the loan alongside Black Bear Capital Partners. This page is the Walnut Creek, California file for the 2389 North Main Street hotel financed: pricing, party profiles, and other closed hotel comps from the same Walnut Creek sit in the Market section below. Filter that Walnut Creek hotel set by closing date to see what else financed near 2389 North Main Street around 2023. Published consideration for 2389 North Main Street is $8.8M, dated 2023. Cite this Suraj Desai-Black Bear Capital Partners Arranges $8.8M Refinance Loan For Walnut Creek Hotel loan when underwriting similar hotel product around Walnut Creek, California.
Players
Walnut Creek 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
1.80%
Cash-on-Cash
-0.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93