Savoy USA Secures $4.5 Million Refinance Loan For 1005 Gould Drive Hotel In Bossier City
FINANCED
$4,500,000
Louisiana
See Similar DealsHotel61,000 SF
Financed 07/21/2025
FINANCED
Savoy USA Secures $4.5 Million Refinance Loan For 1005 Gould Drive Hotel In Bossier City
1005 Gould Drive
See Similar DealsHotel61,000 SF
Financed 07/21/2025
Summary
LOUISIANA
Asset Type:Hotel
Price Per Square Foot:$73
Total Square Footage:61,000 SF
Transaction Type:Loan
The property asset involved in this transaction is a hotel located at 1005 Gould Drive in Bossier City. The hotel consists of 123 keys and has a total square footage of 61,000. A loan amount of $4,500,000 was secured for refinancing this property.
Summary of transation details:
- Property Type: Hotel
- Transaction Amount: $4,500,000
- Market: Bossier City
- Lender: Community Bank of Louisiana
- Landlord: Savoy USA
- Broker: Abe Wurzberger - Rosewood Realty Group
- Loan Type: Refinance
The individuals and companies involved in this transaction include the landlord, Savoy USA, and the broker representing the landlord, Abe Wurzberger from Rosewood Realty Group. Community Bank of Louisiana served as the lender for the refinancing of this hotel property.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,500,000.00
Monthly NOI$30,000.00
Monthly Debt Service$28,443.06
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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