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30801 South Coast Highway, ...

Anbang Insurance Group Refinances Laguna Beach Hotel With $340M Loan
FINANCEDHotel

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

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.

Players

Anbang Insurance Group in China
Anbang Insurance Group in ChinaLender

Laguna Beach Hotel Market Snapshot

Boundary boundary · Hotel · Loan transactions

Loading comparables…

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