Hustyns Hotel And Spa Acquires St. Breock Downs Hotel In Wadebridge, Cornwall For £1.18M
FINANCED
$1,180,000
Connecticut
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Financed 11/19/2020
FINANCED
Hustyns Hotel And Spa Acquires St. Breock Downs Hotel In Wadebridge, Cornwall For £1.18M
St. Breock Downs, Padstow, Wadebridge Pl27 7 Lg, Uk
See Similar DealsOther
Financed 11/19/2020
Summary
CONNECTICUT
Asset Type:Other
Transaction Type:Loan
The property involved in this closed transaction is a hotel located at St. Breock Downs, Padstow, Wadebridge PL27 7LG in Wadebridge, Cornwall. The sale took place on November 19, 2020.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: £1,180,000
- Borrower: Hustyns Hotel and Spa – Ravi Gupta
- Lender: fiduciam''>Fiduciam
Ravi Gupta, representing Hustyns Hotel and Spa, acted as the borrower in this transaction. The lender providing the loan amount of £1,180,000 was Fiduciam.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,180,000.00
Monthly NOI$7,866.67
Monthly Debt Service$7,458.40
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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