facebook
Traded Co logo
Submit
Daily limit: 0/10

Citi Real Estate Funding Provides $93 Million Loan For Estate Yountville Luxury Hotel

Property Image
FINANCED
$93,000,000

California

See Similar Deals
Hotel
Financed 11/12/2024
the dealplayerscompscontact
Property Image
FINANCED

Citi Real Estate Funding Provides $93 Million Loan For Estate Yountville Luxury Hotel

6481 Washington Street

See Similar Deals
Hotel
Financed 11/12/2024
Contact now

Summary

CALIFORNIA
Asset Type:Hotel
Transaction Type:Loan

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.

Players

LENDER

Details

FINANCED
IMAGE: Gary Jabara DATE: 11/12/2024 ADDRESS: 6481 Washington Street - Estate Yountville MARKET: Yountville ASSET TYPE: Hotel ~ KEYS: 191 ~ ACRES: 2.7 LENDER: Citi Real Estate Funding LANDLORD: Gary Jabara - Boardwalk Investments Group LOAN AMOUNT: $93,000,000 LOAN TERMS: five-year, interest only NOTE: Citi Real Estate Funding Inc. provided a $93 million mortgage for Estate Yountville, a luxury hotel property in Napa Valley, with a five-year interest-only loan at a 5.88% coupon. The funds were used by Boardwalk Investments Group to pay off previous debt and support operations at the 191-room property, which saw a boost in cash flow to $11.34 million over the past 12 months.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$93,000,000.00

Monthly NOI$620,000.00
Monthly Debt Service$587,823.26
Change in Cash Flow$0.00
Refinance Proceeds$0.00