Updated Sep 14, 2026
. Provides $14.25M Refinance Loan For New Jersey Hotel With Brokers Morris Betesh & Jack McPhail
$14,250,000
$14,250,000/SF
Building Size
1 SF
Asset Type
Hotel
Closing
Jan 31, 2025
About this deal
AI
The transaction involves a hotel asset located in New Jersey. The transaction was executed with a loan amounting to $14,250,000 as part of a refinance operation.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $14,250,000
- Lender: .
- Broker: Morris Betesh & Jack McPhail - Arrow Real Estate Advisors
- Date: 01/31/2025
- Market: New Jersey
- Loan Type: Refinance
Morris Betesh and Jack McPhail represented the broker in this refinancing transaction. Their affiliation with Arrow Real Estate Advisors was integral to coordinating this deal within the New Jersey market.
Players
Market 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
1.11%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93