Daily limit: 0/10
Amit Patel Of Spark GHC Secures $19.5M Acquisition Loan For Hotel In Wayne
FINANCED
$19,500,000
New Jersey
See Similar DealsHotel
Financed 09/30/2025
FINANCED
Amit Patel Of Spark GHC Secures $19.5M Acquisition Loan For Hotel In Wayne
350 Us Route 46
See Similar DealsHotel
Financed 09/30/2025
Summary
NEW JERSEY
Asset Type:Hotel
Transaction Type:Loan
The asset involved in the transaction is a hotel located at 350 US Route 46 in Wayne, NJ. The property is associated with an acquisition loan amounting to $19,500,000. The loan is structured as a five-year, floating-rate loan, indicating the financial terms of the deal.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $19,500,000
- Loan Type: Acquisition
- Loan Terms: five-year, floating-rate loan
- Landlord: Amit Patel - Spark GHC
- Broker: Cronheim Mortgage
In this transaction, Amit Patel represents the landlord, and Cronheim Mortgage facilitated the acquisition loan through its hospitality affiliate. The direct lender involved in the transaction has not been disclosed.
Players
BROKERAGE
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$19,500,000.00
Monthly NOI$130,000.00
Monthly Debt Service$123,253.26
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions