Quadrum Global Issues $63M Loan To Oxford Capital Partners For Godfrey Hotel
127 West Huron Street
$63,000,000
Building Size
—
Asset Type
Hotel
Closing
Oct 26, 2023
About this deal
AI
The Godfrey Hotel, located at 127 West Huron Street in Chicago, has secured a $63+ million loan from Quadrum Global. This New York-based real estate investor has shown confidence in the market by providing the loan to Oxford Capital Partners, the landlord of the hotel. With its 221 rooms, the Godfrey Hotel is a notable asset in the Chicago market.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $63,000,000
- Address: 127 West Huron Street
- Market: Chicago
Quadrum Global's loan to Oxford Capital Partners for the Godfrey Hotel marks their second investment in the property. Previously, the hotel had secured a $48 million loan in 2017. This new collaboration further solidifies the partnership between Quadrum Global and Oxford Capital Partners.
On the Map
$63,000,000
Hotel
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Players
Chicago Hotel Market Snapshot
Boundary boundary · Hotel · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93