Oiring Group Secures $8.5 Million Refinance Loan For Hotel At 300 Broadway In Albany
300 Broadway
$8,500,000
$117/SF
Building Size
72,648 SF
Asset Type
Hotel
Closing
Jan 4, 2026
AI
The asset involved is a hotel located at 300 Broadway in Albany, encompassing a total square footage of 72,648 and featuring 135 keys. The transaction was structured as a refinance with a total loan amount of $8,500,000.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $8,500,000
- Loan Type: Refinance
- Lender: Jake Rimberg
- Landlord: Oiring Group
- Brokers: Aaron Jungreis & David Wildes - Rosewood Realty Group
Key individuals in this transaction include the lender, Jake Rimberg, and the landlord, Oiring Group, with representation by brokers Aaron Jungreis and David Wildes from Rosewood Realty Group. These professionals played instrumental roles in facilitating this financial arrangement.
Players
Albany 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
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93