PlattPointe Capital Arranges $3.8M Acquisition Loan For Bloomingdale Hotel
250 West Schick Road, Bloomingdale, Illinois 60108, United States
$3,800,000
$10/SF
Building Size
363,707 SF
Asset Type
Hotel
Closing
Mar 1, 2022
About this deal
AI
A 66-month acquisition loan has been secured for the hotel property located at 250 West Schick Road in Bloomingdale. The loan amount of $3,800,000 represents a 72 percent loan-to-value ratio. The hotel comprises 300 keys and sits on a 15-acre plot.
Summary of transation details
- Property Type: Hotel
- Transaction Amount: $3,800,000
- Address: 250 West Schick Road
- Market: Bloomingdale
- Keys: 300
- Acres: 15
PlattPointe Capital acted as the broker in this deal.
The hotel loan at 250 West Schick Road, Bloomingdale, Illinois 60108, United States in Bloomingdale, Illinois financed for $3.8M in 2022. The building is 363,707 square feet, implying about 10 per square foot on the published price. This page is the Bloomingdale, Illinois file for the 250 West Schick Road, Bloomingdale, Illinois 60108, United States hotel financed: pricing, party profiles, and other closed hotel comps from the same Bloomingdale sit in the Market section below. Filter that Bloomingdale hotel set by closing date to see what else financed near 250 West Schick Road, Bloomingdale, Illinois 60108, United States around 2022. Published consideration for 250 West Schick Road, Bloomingdale, Illinois 60108, United States is $3.8M, dated 2022. Cite this PlattPointe Capital Arranges $3.8M Acquisition Loan For Bloomingdale Hotel loan when underwriting similar hotel product around Bloomingdale, Illinois.
Players
Bloomingdale Hotel Market Snapshot
Boundary boundary · Hotel · Loan transactions
Loading comparables…
Deal FAQ
Browse Illinois hotel loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93