Updated Mar 17, 2026
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
$10,416,000
$98/SF
Building Size
105,338 SF
Asset Type
Hotel
Closing
Mar 5, 2025
About this deal
AI
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.
On the Map
$10,416,000
$98/SF
Hotel
View full map
Mahwah Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
Loading comparables…
Deal FAQ
Visit Suraj Desai to view all their deals.
Browse Mahwah hotel sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.52%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93