FINANCEDHotel
Nihad Choudhury Of LMF Commercial Refinances San Dimas Hotel With Loan Amount Of $3.5M And 10-Year Term
$3,500,000
$34/SF
Building Size
102,161 SF
Asset Type
Hotel
Closing
Aug 30, 2023
AI
The hotel property located in San Dimas, CA with a total square footage of 102,161 has undergone a refinancing transaction. LMF Commercial, represented by Nihad Choudhury, provided a loan amount of $3,500,000.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $3,500,000
- Market: San Dimas, CA
- Lender: Nihad Choudhury - LMF Commercial
The loan, facilitated by CMBS, features a 10-year term with a 30-year amortization schedule. The closing process was completed within 30 days.
Players
Market 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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93