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Frost Bank Provides $20.5M Acquisition Loan For Courtyard Boston Copley Square Hotel
FINANCED
$20,500,000
Massachusetts
See Similar DealsHotel
Financed 05/15/2025
FINANCED
Frost Bank Provides $20.5M Acquisition Loan For Courtyard Boston Copley Square Hotel
88 Exeter Street & 90 Exeter Street
See Similar DealsHotel
Financed 05/15/2025
Summary
MASSACHUSETTS
Asset Type:Hotel
Transaction Type:Loan
The asset involved in this transaction is the Courtyard Boston Copley Square hotel, located at 88-90 Exeter Street in Boston, MA. This hotel property features 81 keys and was part of a larger acquisition deal valued at $50 million.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $50,000,000
- Loan Amount: $20,500,000
- Loan Type: Acquisition
- Lender: Frost Bank
Frost Bank facilitated the financing for this acquisition by providing a loan amount of $20.5 million specifically for the purchase of the property. The loan underscores the financial partnership that supported the acquisition of the hotel asset.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$20,500,000.00
Monthly NOI$136,666.67
Monthly Debt Service$129,573.94
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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