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5870 Labath Avenue, Rohnert...

Madison Newbond Provides $72M Refinance Loan For Rohnert Park & Napa Hotel
FINANCEDHotel

Madison Newbond Provides $72M Refinance Loan For Rohnert Park & Napa Hotel

5870 Labath Avenue, Rohnert Park, California 94928, United States

$72,000,000

Building Size

Asset Type

Hotel

Closing

Apr 11, 2022

AI

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

Firas Turkmani

Ackman-Ziff

Broker

$156.9M

vol

3 deals

Broker
Madison Realty Capital
Madison Realty CapitalLender

Rohnert Park 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

0.22%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93