Updated Dec 4, 2024
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
About this deal
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.
Nihad Choudhury Of LMF Commercial Refinances San Dimas Hotel With Loan Amount Of $3.5M And 10-Year Term is logged as a hotel loan on Traded (2023). The building is 102,161 square feet, implying about 34 per square foot on the published price. Emil Iskandar, Nihad Choudhury, HVS Brokerage & Advisory appear on the loan alongside HVS Brokerage & Advisory. This page is the market file for the Nihad Choudhury Of LMF Commercial Refinances San Dimas Hotel With Loan Amount Of $3.5M And 10-Year Term hotel financed: pricing, party profiles, and other closed hotel comps from the same area sit in the Market section below. Cite this Nihad Choudhury Of LMF Commercial Refinances San Dimas Hotel With Loan Amount Of $3.5M And 10-Year Term loan when underwriting similar hotel product.
Players
Market Hotel Market Snapshot
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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