Barclays Provides $16M Refinance Loan For Locust Grove, GA Hotel
FINANCED
$16,000,000
Georgia
See Similar DealsHotel48,850 SF
Financed 03/10/2023
FINANCED
Barclays Provides $16M Refinance Loan For Locust Grove, GA Hotel
690 Market Place Boulevard
See Similar DealsHotel48,850 SF
Financed 03/10/2023
Summary
GEORGIA
Asset Type:Hotel
Price Per Square Foot:$327
Total Square Footage:48,850 SF
Transaction Type:Loan
The property involved in this transaction is a hotel located at 690 Market Place Boulevard in Locust Grove, GA. The hotel has a total area of 48,850 square feet.
Summary of transation details
- Property Type: Hotel
- Transaction Amount: $16,000,000
- Address: 690 Market Place Boulevard, Locust Grove, GA
- Lender: Barclays
- Landlord: Logos Hotels - Faysal Kapadia
- Brokers: Rushi Shah & Prabhat Jayara - Mag Mile Capital
- Loan Type: Refinance
- Loan Terms: 2 Hotel Property Cross-Collateralized CMBS Cash-out Refinance, 67.5% LTV, 5-year term, non-recourse
The lenders in this transaction were Barclays, and the landlord was Logos Hotels represented by Faysal Kapadia. The brokers involved in the deal were Rushi Shah & Prabhat Jayara from Mag Mile Capital.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$16,000,000.00
Monthly NOI$106,666.67
Monthly Debt Service$101,130.88
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions