Suraj Desai's LackBearCapitalPartners Facilitates $22.9M Acquisition Loan For 157-Key Hotel In Aurora, CO
16475 East 40th Circle, Aurora, Colorado 80011, United States
$22,900,000
Building Size
—
Asset Type
Hotel
Closing
Dec 13, 2021
About this deal
AI
The 6-story, 157-key hotel located at 16475 E 40th Circle in Aurora, CO has been acquired through a loan. The property, situated near Denver International Airport, was financed with a 3-year floating rate loan at 75% loan-to-value (LTV). The loan amount for this acquisition was $22,900,000, with interest-only payments.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $22,900,000
- Address: 16475 E 40th Circle, Aurora, CO
- Market: Aurora, CO
- Keys: 157
The acquisition of this hotel was facilitated by the broker Suraj Desai from BlackBearCapitalPartners.
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
0.69%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93