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Thomas J. Lorenzini Of Seven Hills Realty Trust Closes $45M Bridge Loan For Club Quarters Hotel

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FINANCED
$45,000,000

Massachusetts

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Hotel
Financed 12/17/2024
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Property Image
FINANCED

Thomas J. Lorenzini Of Seven Hills Realty Trust Closes $45M Bridge Loan For Club Quarters Hotel

161 Devonshire Street

See Similar Deals
Hotel
Financed 12/17/2024
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Summary

MASSACHUSETTS
Asset Type:Hotel
Transaction Type:Loan

The asset involved in this transaction is the Club Quarters Hotel, located at 161 Devonshire Street, Boston, MA. This hotel comprises 178 keys and is classified as a hotel asset. The loan amount associated with the acquisition is $45,000,000, secured as a first mortgage bridge loan.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: $45,000,000
  • Address: 161 Devonshire Street
  • Market: Boston, MA
  • Lender: Thomas J. Lorenzini - Seven Hills Realty Trust
  • Landlord: Arch & Devonshire LLC
  • Loan Type: Bridge
  • Keys: 178

This transaction involved key individuals and companies, with Thomas J. Lorenzini representing Seven Hills Realty Trust as the lender providing the bridge loan. The landlord of the property is Arch & Devonshire LLC, facilitating the financing for the acquisition of the hotel.

Players

LENDER

Details

FINANCED
IMAGE: Thomas J. Lorenzini DATE: 12/17/2024 ADDRESS: 161 Devonshire Street - Club Quarters Hotel MARKET: Boston, MA ASSET TYPE: Hotel ~ KEYS: 178 LENDER: Thomas J. Lorenzini - Seven Hills Realty Trust LANDLORD: Arch & Devonshire LLC LOAN AMOUNT: $45,000,000 LOAN TYPE: Bridge NOTE: Seven Hills Realty Trust has closed a $45 million first mortgage bridge loan to finance the acquisition of the 178-room Club Quarters Hotel in Boston, MA.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$45,000,000.00

Monthly NOI$300,000.00
Monthly Debt Service$284,430.61
Change in Cash Flow$0.00
Refinance Proceeds$0.00