Updated Oct 10, 2026
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
About this deal
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.
On the Map
$6,000,000
Hotel
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Players
Seaside Hotel Market Snapshot
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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