Sonnenblick-Eichner Company Arranges $22M Loan For Commerce, CA Hotel At 5757 Telegraph Rd
5757 Telegraph Road, Commerce, California 90040, United States
$22,000,000
Building Size
—
Asset Type
Hotel
Closing
Apr 17, 2023
AI
Located at 5757 Telegraph Rd in Commerce, CA, a hotel property was recently involved in a closed transaction. The property consists of 201 keys and was transacted on 11/29/2022. The deal was facilitated by brokers Elliot Eichner and Patrick Brown from Sonnenblick-Eichner Company.
Summary of transation details
- Property Type: Hotel
- Transaction Date: 11/29/2022
- Address: 5757 Telegraph Rd, Commerce, CA
- Market: Commerce, CA
- Asset Type: Hotel
- Keys: 201
- Brokers: Elliot Eichner & Patrick Brown - Sonnenblick-Eichner Company
The hotel property was financed through a five-year fixed-rate loan amounting to $22,000,000. The terms of the loan are non-recourse, offering favorable conditions for the buyer.
Commerce 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
0.72%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93