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WitkoffCo Secures $230M Loan For Sunset Boulevard Hotel In West Hollywood

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FINANCED
$230,000,000
Daniel (Dan) Morin
Dustin Stolly
Jordan (Jordy) Roeschlaub
+ 1

California

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Hotel190 SF
Financed 09/01/2021
the dealplayerscompscontact
Property Image
FINANCED

WitkoffCo Secures $230M Loan For Sunset Boulevard Hotel In West Hollywood

9040 West Sunset Boulevard, West Hollywood, CA 90069

See Similar Deals
Hotel190 SF
Financed 09/01/2021
Daniel (Dan) Morin
Dustin Stolly
Jordan (Jordy) Roeschlaub
+ 1
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Hotel
Price Per Square Foot:$1,210,526
Total Square Footage:190 SF
Transaction Type:Loan

A $230,000,000 loan has been secured by @WitkoffCo, the landlord of 9040 Sunset Boulevard, also known as @WeHoEdition, a hotel property with 190 units located in the West Hollywood market. The loan was provided by Mack Real Estate Credit Strategies.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: $230,000,000
  • Address: 9040 Sunset Boulevard AKA @WeHoEdition
  • Market: West Hollywood
  • Units: 190

Dustin Stolly, Jordan Roeschlaub, Nick Scribani, and Dan Morin from Newmark served as the brokers in this deal, representing @WitkoffCo. The loan was received on 9th January 2021.

Players

Dustin Stolly
Walker & Dunlop
Dustin Stolly
266 deals$49.3B volume
BROKER
Nick Scribani
Newmark
Nick Scribani
192 deals$55.2B volume(212) 372-2113
BROKER
Daniel (Dan) Morin
Newmark
Daniel Morin
11 deals$1.2B volume
BROKER
Jordan (Jordy) Roeschlaub
Newmark
Jordan Roeschlaub
322 deals$96.3B volume
BROKER
Mack Real Estate Group
Mack Real Estate Group
LENDER
W
WitkoffCo
LANDLORD

Details

FINANCED
IMAGE: Steve Witkoff, Dustin Stolly, Alex Witkoff, Jordan Roeschlaub, Richard Mack, Nick Scribani, Jamie Dimon & Dan Morin DATE: 09/01/2021 ADDRESS: 9040 Sunset Boulevard AKA @WeHoEdition MARKET: West Hollywood ASSET TYPE: Hotel ~ UNITS: 190 LENDER: Mack Real Estate Credit Strategies LANDLORD: @WitkoffCo BROKERS: Dustin Stolly, Jordan Roeschlaub, Nick Scribani & Dan Morin @Newmark LOAN AMOUNT: $230,000,000

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$230,000,000.00

Monthly NOI$1,533,333.33
Monthly Debt Service$1,453,756.45
Change in Cash Flow$0.00
Refinance Proceeds$0.00