Updated May 15, 2026
CSCDA Provides $103,545,000 Loan For Hyatt Regency Ontario Repositioning Project With National CORE
700n Haven Avenue
$103,545,000
$444/SF
Building Size
233,000 SF
Asset Type
Hotel
Closing
Apr 30, 2026
About this deal
AI
The property asset involved in this transaction is a hotel located at 700 N Haven Avenue in Ontario. It encompasses a total square footage of 233,000 and offers 295 keys for guests. The loan amount associated with this asset is $103,545,000, structured for repositioning purposes with terms including approximately 80% loan-to-cost at a fixed interest rate of 5.93%.
Summary of transation details:
- Property Type: Hotel
- Transaction Amount: $103,545,000
- Address: 700 N Haven Avenue
- Market: Ontario
- Square Footage: 233,000
- Keys: 295
- Lender: CSCDA
- Landlord: National CORE
- Loan Type: Repositioning
- Loan Terms: ~80% LTC / 5.93% Fixed Rate
- Brokers: Keaton Yellin, Marc Schillinger, Ace Sudah, & Cameron Sepahi - JLL
JLL played a significant role in structuring the financing of this hotel development by combining tax-exempt Revenue Bonds and CPACE. This financing marks the Hyatt Regency Ontario project as one of the first hospitality projects financed using 501(c)(3) revenue bonds.
On the Map
$103,545,000
$444/SF
Hotel
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Players
Ontario 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
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93