Updated Oct 29, 2024
Ohana Real Estate Investors Secures $57.5M Loan For Boston Hotel With Lender Apollo Global Management
500 Commonwealth Avenue, Boston, MA, USA
$57,500,000
$66,474/SF
Building Size
865 SF
Asset Type
Other
Closing
Nov 30, 2020
About this deal
AI
Located at 500 Commonwealth Avenue in Boston, MA, this hotel property has recently been involved in a closed loan transaction. The loan was secured on December 1, 2020, with a total amount of $57,500,000.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $57,500,000
- Address: 500 Commonwealth Avenue, Boston, MA
- Market: Boston, MA
- Keys: 245
The landlord of this hotel property is Ohana Real Estate Investors, represented by Chris Smith. On the lending side, Apollo Global Management provided the loan for this transaction.
This closed loan transaction showcases the active involvement of Ohana Real Estate Investors, with Chris Smith as their representative. The lender, Apollo Global Management, helped finance the acquisition or development of this hotel property. The distinctive features of this transaction, including the loan amount of $57,500,000 and the property's prime location on Commonwealth Avenue, make it a significant deal in the Boston market.
On the Map
$57,500,000
$66,474/SF
Other
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Boston Other Market Snapshot
Boundary boundary · Other · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93