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1875 Fremont Boulevard

Justin Johnson Of State Bank Of India Provides $6 Million Refinance Loan For Seaside Hotel
FINANCEDHotel

Justin Johnson Of State Bank Of India Provides $6 Million Refinance Loan For Seaside Hotel

1875 Fremont Boulevard

$6,000,000

Building Size

Asset Type

Hotel

Closing

May 11, 2026

AI

The property asset involved in the transaction is a hotel located at 1875 Fremont Boulevard in Seaside. The loan amount secured for this property is $6,000,000 under a refinance loan type.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: $6,000,000
  • Lender: Justin Johnson - State Bank of India
  • Broker: Brian Foody - Alpha Capital CRE
  • Date of Transaction: 05/12/2026

This transaction involved key individuals and companies including Justin Johnson representing the lender, State Bank of India, and Brian Foody acting as the broker from Alpha Capital CRE assisting in the refinancing process.

Players

Brian Foody

Alpha Capital CRE

Broker

$26.5M

vol

2 deals

Broker
State Bank of India
State Bank of IndiaLender

Seaside Hotel Market Snapshot

Boundary boundary · Hotel · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.64%

Cash-on-Cash

-0.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93