Anbang Insurance Group Refinances Laguna Beach Hotel With $340M Loan
FINANCED
$340,000,000
California
See Similar DealsHotel190,000 SF
Financed 10/21/2021
FINANCED
Anbang Insurance Group Refinances Laguna Beach Hotel With $340M Loan
30801 South Coast Highway, Laguna Beach, CA, USA
See Similar DealsHotel190,000 SF
Financed 10/21/2021
Summary
CALIFORNIA
Asset Type:Hotel
Price Per Square Foot:$1,789
Total Square Footage:190,000 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$340,000,000.00
Monthly NOI$2,266,666.67
Monthly Debt Service$2,149,031.28
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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