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Donohoe Companies Secures $33 Million Bridge Loan From Peachtree Group For Cambria Hotel In Washington DC
FINANCED
$33,000,000
Hotel
Financed
FINANCED
Donohoe Companies Secures $33 Million Bridge Loan From Peachtree Group For Cambria Hotel In Washington DC
69 Q Street Southwest
See Similar DealsHotel
Financed
Summary
Asset Type:Hotel
Transaction Type:Loan
The asset involved in this transaction is the Cambria Hotel located at 69 Q Street Southwest in Washington, DC. This hotel features 154 rooms and is positioned near Nationals Park. The transaction involves a bridge loan provided by Peachtree Group for the purpose of refinancing the property.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $33,000,000
- Loan Type: Bridge
- Lender: Peachtree Group
- Landlord: Donohoe Companies
- Loan Duration: Three years with extension options
The key individuals and companies involved in this deal include Peachtree Group, which acted as the lender, and Donohoe Companies, representing the landlord in this transaction. The bridge loan is intended to facilitate the refinancing of the hotel asset, ensuring its continued operation and financial stability.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$33,000,000.00
Monthly NOI$220,000.00
Monthly Debt Service$208,582.45
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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