Barclays Provides $15.4M CMBS Cash Out Refinance Loan For Schaumburg Hotel, Mag Mile Capital Represents Loan's Brokerage | 1939 North Meacham Road | Prabhat Jayara | Hotel | Loan

Summary

Loan

ILLINOIS

Hotel

176,036 sqft

A hotel located at 1939 North Meacham Road in Schaumburg, IL with a total square footage of 176,036 has recently undergone a loan transaction.

Summary of transaction details

Property Type: Hotel
Transaction Amount: $15,375,000
Market: Schaumburg, IL
Lender: Barclays
Brokers: Prabhat Jayara - Mag Mile Capital
Loan Type: Refinance
Loan Terms: CMBS Cash Out Refinance, 5-Years Full term I/O, Non-Recourse, 60% LTV

The loan amount for this transaction was $15,375,000. It was a refinancing loan provided by Barclays. The loan terms include CMBS Cash Out Refinance, 5-Years Full term I/O, Non-Recourse, with a loan-to-value (LTV) ratio of 60%.

Players

All
2

Agents
1
Agencies
1

Prabhat Jayara

Vice President, Underwriting & Originations

Mag Mile Capital

Details

Deal Summary

FINANCED

IMAGE: Prabhat Jayara DATE: 11/17/2023 ADDRESS: 1939 North Meacham Road MARKET: Schaumburg, IL ASSET TYPE: Hotel ~ SF: 176,036 LENDER: Barclays (@BarclaysBankUS) BROKERS: Prabhat Jayara (@PJayaraCRE) - Mag Mile Capital (@MagMileCapital) LOAN AMOUNT: $15,375,000 LOAN TYPE: Refinance LOAN TERMS: CMBS Cash Out Refinance, 5-Years Full term I/O, Non-Recourse, 60% LTV

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Address1939 North Meacham Road

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