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EagleBridge Capital Secures $10.85M Loan For Hampton Inn In Auburn, Massachusetts
FINANCED
$10,850,000
Massachusetts
See Similar DealsHotel
Financed
FINANCED
EagleBridge Capital Secures $10.85M Loan For Hampton Inn In Auburn, Massachusetts
736 Southbridge Street
See Similar DealsHotel
Financed
Summary
MASSACHUSETTS
Asset Type:Hotel
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$10,850,000.00
Monthly NOI$72,333.33
Monthly Debt Service$68,579.38
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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