Updated Jul 29, 2026
Stearns Bank & Stonehill Provides $19.8M Construction Loan For Fresno Hotel
808 M Street, Fresno, California 93721, United States
$19,790,000
$208/SF
Building Size
94,796 SF
Asset Type
Hotel
Closing
Oct 11, 2022
About this deal
AI
The hotel located at 808 M St in Fresno, CA has undergone a recent closed transaction. Covering a total building area of 94,796 square feet, this hotel comprises of 144 keys, making it a significant asset in the market.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $19,790,000
- Loan Type: Construction
- Lender: Stearns Bank & Stonehill
- Landlord: Tony Tandi
- Broker: Marc Cesarec - Cesarec Group
The lender responsible for providing the loan in this transaction is Stearns Bank & Stonehill. Representing the landlord in this deal is Tony Tandi. The broker involved in this transaction is Marc Cesarec from Cesarec Group.
Players
Fresno 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
0.80%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93