FINANCEDHotel
Michael J. Gefter Secures $6,069,375 Loan For Hotel In Hightstown At 460 Route 33 E
460 Route 33 E
$6,069,375
$149/SF
Building Size
40,524 SF
Asset Type
Hotel
Closing
Nov 20, 2023
AI
The asset involved in this transaction is a hotel located at 460 Route 33 E in Hightstown. The loan amount associated with 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
- Brokers: Michael J. Gefter
Michael J. Gefter represents the broker involved in this transaction, facilitating the loan arrangement for the hotel property in Hightstown.
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