FINANCEDHotel
Sonnenblick-Eichner Co. Arranges $30M Refinance Loan For Pismo Beach Hotel
601 Cypress St, Pismo Beach
$30,000,000
Building Size
—
Asset Type
Hotel
Closing
Apr 7, 2022
AI
601 Cypress St. in Pismo Beach has undergone a $30,000,000 refinance loan transaction. The property involved in this deal is a hotel. The loan was facilitated by Sonnenblick-Eichner Co., who acted as the broker.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $30,000,000
Detailed information about the individuals and companies involved in the transaction has not been provided.
Players
Pismo 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
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93