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
About this deal
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.
On the Map
$223,000,000
Hotel
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Players
Crystal Bay Hotel Market Snapshot
Boundary boundary · Hotel · Loan transactions
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Deal FAQ
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