Scott Burk Of LMF Commercial Secures $10.1M Refinance Loan For Hotel In Columbia MD
FINANCED
$10,100,000
Maryland
See Similar DealsHotel
Financed 05/18/2025
FINANCED
Scott Burk Of LMF Commercial Secures $10.1M Refinance Loan For Hotel In Columbia MD
Hotel
Financed 05/18/2025
Summary
Asset Type:Hotel
Transaction Type:Loan
This transaction involves a hotel asset located in Columbia, MD, comprising 98 keys. The loan, amounting to $10,100,000, is a refinance under CMBS, featuring a 5-year fixed-rate interest-only structure.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $10,100,000
- Lender: LMF Commercial
- Loan Originator: Scott Burk
- Broker: John Harrington - HKS Real Estate Advisors
- Loan Type: Refinance
- Loan Terms: CMBS Refi: 5-year, Fixed-Rate IO
The key individuals involved in this transaction include Scott Burk, who served as the loan originator, and John Harrington, who represented the broker agency HKS Real Estate Advisors in the deal.
Players
BROKERAGE
LENDER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$10,100,000.00
Monthly NOI$67,333.33
Monthly Debt Service$63,838.87
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions