Black Bear Capital Partners ("BBCP") Suraj Desai has successfully obtained an impressive $10.42 million refinance loan for the Mahwah Hotel.
SOLD
$10,416,000
New Jersey
See Similar DealsHotel105,338 SF
Sold 03/05/2025
SOLD
Black Bear Capital Partners ("BBCP") Suraj Desai has successfully obtained an impressive $10.42 million refinance loan for the Mahwah Hotel.
140 New Jersey Highway 17
See Similar DealsHotel105,338 SF
Sold 03/05/2025
Summary
NEW JERSEY
Asset Type:Hotel
Price Per Square Foot:$98
Total Square Footage:105,338 SF
Transaction Type:Sale
The property asset involved in this transaction is a hotel located at 140 New Jersey Highway 17 in Mahwah, NJ. It has a total of 146 keys and is categorized under the hotel asset type.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $10,416,000
- Loan Amount: $10,416,000
- Loan Terms: 2-Year floating rate loan at 65% LTV
- Loan Type: Refinance
- Market: Mahwah, NJ
Suraj Desai from Black Bear Capital Partners served as the Capital Markets Advisor for this refinance transaction, representing the interests involved in securing the loan for the property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$555,520.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$37,005.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$49,377.15
Annual Debt Service$592,525.85
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