Life Co. Provides $14.25M Refinance Loan For New Jersey Hotel With Brokers Morris Betesh & Jack McPhail
FINANCED
$14,250,000
New Jersey
See Similar DealsHotel1 SF
Financed 01/31/2025
FINANCED
Life Co. Provides $14.25M Refinance Loan For New Jersey Hotel With Brokers Morris Betesh & Jack McPhail
Hotel1 SF
Financed 01/31/2025
Summary
NEW JERSEY
Asset Type:Hotel
Price Per Square Foot:$14,250,000
Total Square Footage:1 SF
Transaction Type:Loan
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: Life Co.
- 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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$14,250,000.00
Monthly NOI$95,000.00
Monthly Debt Service$90,069.69
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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