FINANCEDHotel
Michael J. Gefter Secures $6,069,375 Loan For Hotel In Hightstown
460 Route 33 E
$6,069,375
$149/SF
Building Size
40,524 SF
Asset Type
Hotel
Closing
Nov 20, 2023
AI
The property involved in this transaction is a hotel located at 460 Route 33 E in Hightstown. The loan amount secured for this property is $6,069,375.00.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $6,069,375.00
- Address: 460 Route 33 E
- Market: Hightstown
- Loan Date: 11/20/2023
- Broker: Michael J. Gefter
The deal was facilitated by broker Michael J. Gefter, representing the interests of the parties involved in this hotel loan transaction. No landlord is specified in relation to this property deal.
Players
Hightstown 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
2.61%
Cash-on-Cash
-0.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93