Barclays Provides $15.4M CMBS Cash Out Refinance Loan For Schaumburg Hotel, Mag Mile Capital Represents Loan's Brokerage
FINANCED
$15,375,000
Illinois
See Similar DealsHotel176,036 SF
Financed 11/17/2023
FINANCED
Barclays Provides $15.4M CMBS Cash Out Refinance Loan For Schaumburg Hotel, Mag Mile Capital Represents Loan's Brokerage
1939 North Meacham Road
See Similar DealsHotel176,036 SF
Financed 11/17/2023
Summary
ILLINOIS
Asset Type:Hotel
Price Per Square Foot:$87
Total Square Footage:176,036 SF
Transaction Type:Loan
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%.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$15,375,000.00
Monthly NOI$102,500.00
Monthly Debt Service$97,180.46
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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