Barclays Provides $16M Refinance Loan For Locust Grove, GA Hotel

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.