Pete Patel Of Nexera Capital & Sachin Patel Of Emerge Hospitality Group Secures $48.7M Refinance Loan
329 Marietta Street Northwest
$48,700,000
Building Size
—
Asset Type
Hotel
Closing
Oct 16, 2026
About this deal
AI
The asset involved in this transaction is a hotel located at 329 Marietta Street Northwest, within the Atlanta market. This property comprises 183 keys and the loan amount associated with it is $48,700,000, classified as a refinance. The lender for this loan is United Bank.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $48,700,000
- Location: 329 Marietta Street Northwest, Atlanta
- Keys: 183
- Lender: United Bank
- Borrowers: Pete Patel - Nexera Capital, Sachin Patel - Emerge Hospitality Group
- Brokers: Jillian Mariutti, Brian Buglione - JLL
- Loan Type: Refinance
Key individuals involved in this transaction include Pete Patel from Nexera Capital and Sachin Patel from Emerge Hospitality Group as the borrowers. Jillian Mariutti and Brian Buglione from JLL acted as the brokers representing the transaction. The closing date for this refinance loan was on October 16, 2026.
On the Map
$48,700,000
Hotel
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Players
Atlanta 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
0.33%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93