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2 Stateline Road

Jonathan Kloos, Sarah Xu, Colleen Chou & Sam Houck Provide $222.5M Loan For Hotel Development In Crystal Bay
FINANCEDHotel

Jonathan Kloos, Sarah Xu, Colleen Chou & Sam Houck Provide $222.5M Loan For Hotel Development In Crystal Bay

2 Stateline Road

$223,000,000

Building Size

Asset Type

Hotel

Closing

Mar 24, 2026

AI

The property asset involved is a hotel located at 2 Stateline Road in Crystal Bay, featuring a total of 197 keys. The project secured a construction loan amounting to $222,495,000, with a loan term of 30 years.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: $222,495,000
  • Lender: Jonathan Kloos, Sarah Xu, Colleen Chou & Sam Houck - Nuveen Green Capital
  • Landlord: Realberry
  • Loan Type: Construction
  • Loan Terms: 30

Key individuals involved in this transaction include Jonathan Kloos, Sarah Xu, Colleen Chou, and Sam Houck, who collectively represent Nuveen Green Capital as the lender for this deal. The landlord for the property is identified as Realberry.

Players

Nuveen Green Capital
Nuveen Green CapitalLender
Realberry
RealberryLandlord

Crystal Bay 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

0.07%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93