Updated Mar 3, 2026
Goco Hospitality Secures $38.5M Loan From MUFG Union Bank For Corona Hotel
25000 Glen Ivy Road, Corona, CA, USA
$38,500,000
$51,470/SF
Building Size
748 SF
Asset Type
Hotel
Closing
Nov 4, 2019
About this deal
AI
A hotel located at 25000 Glen Ivy Road in Corona has been involved in a recent transaction. The transaction took place on November 5, 2019. The hotel is owned by Goco Hospitality and its address is in the market of Corona.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $38,500,000
- Lender: MUFG Union Bank
- Brokers: Faisal Ashraf - Lotus Capital Partners, Mike Presser - Walker & Dunlop
The loan received for this hotel transaction was $38,500,000. The loan terms are 5-year, fixed-rate. The brokers involved in the deal were Faisal Ashraf from Lotus Capital Partners and Mike Presser from Walker & Dunlop.
On the Map
$38,500,000
$51,470/SF
Hotel
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Players
Corona 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
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93