Updated Oct 10, 2026
Hall Structured Finance Provides $45.5M Bridge Loan For Montclair Hotel At 690 Bloomfield Ave
690 Bloomfield Avenue, Montclair, New Jersey 07042, United States
$45,500,000
Building Size
—
Asset Type
Hotel
Closing
Jul 19, 2022
About this deal
AI
690 Bloomfield Avenue in Montclair has been sold in a closed transaction. The property is a hotel with 159 keys and was purchased by The Hampshire Companies and The Pinnacle Companies.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $45,500,000
- Address: 690 Bloomfield Avenue
- Market: Montclair
The loan for this transaction was provided by Hall Structured Finance, with Donald Braun being the representative. The loan type is a bridge loan.
BayBridge Real Estate Capital represented both the buyer and seller in this deal. The brokers involved were Jay Miller, AJ Felberbaum, and Spencer Miller.
On the Map
$45,500,000
Hotel
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Players
Montclair 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
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93