Mag Mile Capital Arranges $8.6M Loan For Hotel In Baltimore, MD
100 Hopkins Place, Baltimore, Maryland 21201, United States
$8,600,000
Building Size
—
Asset Type
Hotel
Closing
Jun 26, 2022
About this deal
AI
The hotel located at 100 Hopkins Plaza in Baltimore, MD has been involved in a recent loan transaction. The loan amount for this transaction was $8,600,000. The loan terms include a 3-year fixed rate with two one-year extensions.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $8,600,000
- Address: 100 Hopkins Plaza, Baltimore, MD
- Market: Baltimore, MD
- Broker: Francisco Nacorda - Mag Mile Capital
Francisco Nacorda from Mag Mile Capital represented the parties involved in this loan transaction. The hotel asset at 100 Hopkins Plaza is located in Baltimore, MD. The loan term for this transaction is 3 years, with the option for two one-year extensions.
On the Map
$8,600,000
Hotel
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Baltimore Hotel Market Snapshot
Boundary boundary · Hotel · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.84%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93