Black Bear Capital Partners Arranges $12.5M Construction Loan For Homewood Suites By Hilton In Denver (Thorton), CO
12150 Grant Street, Denver, CO, USA
$12,500,000
Building Size
—
Asset Type
Hotel
Closing
Sep 30, 2021
About this deal
AI
The construction of a 109-key Homewood Suites by Hilton in Denver (Thorton), CO has been funded by a $12,500,000 construction loan. The loan, provided by an undisclosed lender, has a 10-year fixed rate term with 12 months of interest-only payments. This financing will support the development of the hotel located at 12150 Grant Street.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $12,500,000
- Address: 12150 Grant Street, Denver (Thorton), CO
- Market: Denver (Thorton), CO
- Loan Type: Construction
- Loan Terms: 10-year fixed rate with 12 months of interest only
- Asset Type: Hotel
- Keys: 109
Suraj Desai from Black Bear Capital Partners represented the undisclosed borrower in securing this construction loan for the Homewood Suites by Hilton project in Denver (Thorton), CO.
Players
Denver Hotel Market Snapshot
Boundary boundary · Hotel · Loan transactions
Loading comparables…
Deal FAQ
Browse Colorado hotel loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93