Citi Real Estate Funding Provides $93 Million Loan For Estate Yountville Luxury Hotel
California
See Similar DealsCiti Real Estate Funding Provides $93 Million Loan For Estate Yountville Luxury Hotel
6481 Washington Street
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The property involved in the transaction is Estate Yountville, a hotel located at 6481 Washington Street in Yountville, Napa Valley. The asset spans 2.7 acres and offers 191 keys for guests. The loan amount secured for this property is $93 million for a mortgage provided by Citi Real Estate Funding.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $93,000,000
- Address: 6481 Washington Street - Estate Yountville
- Market: Yountville
- Asset Size: 2.7 acres
- Keys: 191
- Lender: Citi Real Estate Funding
- Landlord: Gary Jabara - Boardwalk Investments Group
- Loan Terms: five-year, interest only
- Interest Rate: 5.88% coupon
- Cash Flow: $11.34 million over the past 12 months
In this transaction, Gary Jabara represents Boardwalk Investments Group as the landlord. The loan obtained from Citi Real Estate Funding is intended to refinance previous debt and enhance operations at the luxury hotel property.
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