FINANCEDHotel
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
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.
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