Black Bear Capital Partners Secures $23.6M Loan To Refinance Hilton Garden Inn In Aurora, CO
16475 E 40th Cir Aurora, CO 80011, USA
$23,600,000
Building Size
—
Asset Type
Hotel
Closing
Jun 28, 2023
About this deal
AI
The Hilton Garden Inn near Denver International Airport, located at 16475 E 40th Circle in Aurora, CO, has secured a refinancing loan. The property, boasting 157-keys, was refinanced through a 3-year fixed-rate loan at 65% loan-to-value (LTV) for a total loan amount of $23,600,000.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $23,600,000
- Address: 16475 E 40th Circle, Aurora, CO
- Market: Aurora, CO
- Loan Type: Refinance
Suraj Desai of Black Bear Capital Partners represented the buyer in securing this refinancing loan for the Hilton Garden Inn.
Players
Aurora 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
0.67%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93