Updated Nov 27, 2024
United Overseas Bank Provides $150M Loan For Hotel In Nob Hill
950 Mason St, Nob Hill, San Francisco, CA, USA
$150,000,000
$1,322/SF
Building Size
113,437 SF
Asset Type
Hotel
Closing
Dec 2, 2020
About this deal
AI
The hotel property located at 950 Mason St. in the Nob Hill market recently underwent a transaction. The deal, which took place on 12/03/2020, involved a loan for a total amount of $150,000,000. The property consists of 606 units and is owned by JLL Hotels & Hospitality. The lender for this transaction was United Overseas Bank.
Summary of transation details
- Property Type: Hotel
- Transaction Amount: $150,000,000
- Address: 950 Mason St.
- Market: Nob Hill
- Units: 606
- Landlord: JLL Hotels & Hospitality
- Lender: United Overseas Bank
- Date: 12/03/2020
In this deal, United Overseas Bank provided the loan to support the transaction of the hotel property. JLL Hotels & Hospitality, as the landlord, facilitated the transaction. The involvement of these key individuals and companies ensured the successful completion of the deal.
Players
San Francisco Hotel Market Snapshot
Boundary boundary · Hotel · Loan transactions
Loading comparables…
Deal FAQ
Visit JLL to view all their deals.
Browse California hotel loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93