Monolith Capital Provides $9M Mezzanine & Recapitalization Loan For Las Vegas Hotel
Las Vegas, Nevada, United States
$9,000,000
Building Size
—
Asset Type
Hotel
Closing
Mar 16, 2022
About this deal
AI
An investment firm, Monolith Capital, provided $9,000,000 in mezzanine financing and recapitalization for three Motel 6 properties in Las Vegas, NV. The properties, totaling 606-keys, were part of the transaction. The loan also allowed the borrower to cash out through the recapitalization of existing assets with a fixed-rate loan.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $9,000,000
- Address: Multiple Addresses
- Market: Las Vegas, NV
- Keys: 606
The loan was provided by Bobby Pokora and John Hohos from Monolith Capital. Suraj Desai represented the borrower in the deal as the broker.
On the Map
$9,000,000
Hotel
View full map
Players
Las Vegas Hotel Market Snapshot
Boundary boundary · Hotel · Loan transactions
Loading comparables…
Deal FAQ
Browse Nevada hotel loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93