EagleBridge Capital Secures $10.85M Loan For Hampton Inn In Auburn, Massachusetts
736 Southbridge Street
$10,850,000
Building Size
—
Asset Type
Hotel
Closing
Feb 24, 2025
AI
The Hampton Inn located at 736 Southbridge Street in Auburn, MA is a hotel asset involved in a mortgage refinancing transaction. The loan amount secured for this property is $10,850,000, with fixed rate terms for a period of 10 years and a 30-year amortization schedule.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $10,850,000
- Loan Terms: Fixed rate, 10-year term, 30-year amortization
- Address: 736 Southbridge Street
- Market: Auburn, MA
- Broker: Ted Sidel - EagleBridge Capital
Ted M. Sidel from EagleBridge Capital arranged the mortgage refinancing. The financing was facilitated through a national lender, specifically catering to the needs associated with the Hampton Inn.
Players
Auburn 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
1.46%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93