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Quadrum Global Issues $63M Loan To Oxford Capital Partners For Godfrey Hotel
FINANCED
$63,000,000
Illinois
See Similar DealsHotel
Financed 10/26/2023
FINANCED
Quadrum Global Issues $63M Loan To Oxford Capital Partners For Godfrey Hotel
127 West Huron Street
See Similar DealsHotel
Financed 10/26/2023
Summary
ILLINOIS
Asset Type:Hotel
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$63,000,000.00
Monthly NOI$420,000.00
Monthly Debt Service$398,202.85
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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