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DG Development Refinances Hilton Hotel With $46M Loan In Las Vegas
FINANCED
$46,000,000
+ 1
Nevada
See Similar DealsHotel
Financed
FINANCED
DG Development Refinances Hilton Hotel With $46M Loan In Las Vegas
755 Sierra Vista Drive
See Similar DealsHotel
Financed
+ 1
Summary
NEVADA
Asset Type:Hotel
Transaction Type:Loan
The property involved in the transaction is a Hotel with 250 keys located at 755 Sierra Vista Drive in Las Vegas, Nevada. The loan amount for the refinance was $46,000,000.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $46,000,000
- Market: Las Vegas, Nevada
- Lender: Peter DiConza & Joe Schaecter - Deutsche Bank
- Landlord: DG Development
- Brokers: Aj Felberbaum, Jay Miller, Noah Rothman & Spencer Miller - BayBridge Real Estate Capital
The $46 million loan from Deutsche Bank was secured by DG Development to refinance its dual-branded Hilton hotel development near the Las Vegas Convention Center, replacing previous debt. The transaction was arranged by BayBridge Real Estate Capital, with key individuals including Joe Schaecter, Spencer Miller, Aj Felberbaum, Peter DiConza, Jay Miller, and Noah Rothman playing crucial roles in the deal.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$46,000,000.00
Monthly NOI$306,666.67
Monthly Debt Service$290,751.29
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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