Updated Oct 28, 2024
Anbang Insurance Group Refinances Laguna Beach Hotel With $340M Loan
30801 South Coast Highway, Laguna Beach, CA, USA
$340,000,000
$1,789/SF
Building Size
190,000 SF
Asset Type
Hotel
Closing
Oct 20, 2021
About this deal
AI
The property involved in the transaction is a hotel located at 30801 South Coast Highway in Laguna Beach. The asset type of the property is a hotel. The deal involves a loan refinance.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $340,000,000
- Address: 30801 South Coast Highway, Laguna Beach
- Market: Laguna Beach
- Lender: Anbang Insurance Group in China - Wu Xiaohui
- Landlord: Dajia Insurance Group
- Loan Type: Refinance
Wu Xiaohui from Anbang Insurance Group in China is the lender in the transaction. The landlord of the property is Dajia Insurance Group.
On the Map
$340,000,000
$1,789/SF
Hotel
View full map
Players
Laguna Beach Hotel Market Snapshot
Boundary boundary · Hotel · Loan transactions
Loading comparables…
Deal FAQ
Browse California hotel loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.05%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93