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2389 North Main Street

Suraj Desai-Black Bear Capital Partners Arranges $8.8M Refinance Loan For Walnut Creek Hotel
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.

Players

Suraj Desai

Black Bear Capital Partners

Broker

$1B

vol

43 deals

Broker

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