Updated Dec 4, 2024
Gilda Rivera Secures $41M Construction Loan For Hotel In Ontario
2800 Inland Empire Boulevard
$41,000,000
$247/SF
Building Size
166,000 SF
Asset Type
Hotel
Closing
May 31, 2024
About this deal
AI
The property at 2800 Inland Empire Boulevard in Ontario is a Hotel with 256 keys spanning 166,000 square feet. The transaction involved a Construction Loan amounting to $41,000,000 with loan terms set at 60% LTC, a 36-month term, and interest-only payments.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $41,000,000
- Keys: 256
- Square Footage: 166,000
- Address: 2800 Inland Empire Boulevard
- Market: Ontario
- Broker: Gilda Rivera - Slatt Capital
- Loan Type: Construction Loan
- Loan Terms: 60% LTC, 36 Month Term, Interest Only
Gilda Rivera from Slatt Capital facilitated the deal as the broker representing the transaction. This Construction Loan transaction involving the Hotel property unveils the role of key individuals and companies in orchestrating successful real estate deals.
On the Map
$41,000,000
$247/SF
Hotel
View full map
Players
Ontario Hotel Market Snapshot
Boundary boundary · Hotel · Loan transactions
Loading comparables…
Deal FAQ
Visit Slatt Capital to view all their deals.
Browse Ontario hotel loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.39%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93