Madison Newbond Provides $72M Refinance Loan For Rohnert Park & Napa Hotel
FINANCED
$72,000,000
California
See Similar DealsHotel
Financed 04/12/2022
FINANCED
Madison Newbond Provides $72M Refinance Loan For Rohnert Park & Napa Hotel
5870 Labath Avenue, Rohnert Park, California 94928, United States
See Similar DealsHotel
Financed 04/12/2022
Summary
CALIFORNIA
Asset Type:Hotel
Transaction Type:Loan
The property involved in this transaction is a hotel located at 5870 Labath Ave & 320 Soscol Ave in Rohnert Park & Napa, CA. The deal took place on 04/12/2022.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $72,000,000
- Lender: Madison Newbond
- Lender Representatives: Josh Zegen, Neil Luthra, and Andrew Fichte
- Landlord: Stratus Development Partners
- Brokers: Firas Turkmani and Evan Linkner - Ackman-Ziff
The loan amount for this transaction was $72,000,000, and it was a refinancing loan. Madison Newbond served as the lender in this deal, with representatives including Josh Zegen, Neil Luthra, and Andrew Fichte. The landlord involved in this transaction was Stratus Development Partners. The brokers representing the deal were Firas Turkmani and Evan Linkner from Ackman-Ziff.
Players
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$72,000,000.00
Monthly NOI$480,000.00
Monthly Debt Service$455,088.98
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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