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Katie Vivian Of Largo Capital Secures $4M Refinance Loan For Niagara Falls Hotel

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FINANCED
$4,000,000

New York

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Hotel
Financed 03/19/2024
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FINANCED

Katie Vivian Of Largo Capital Secures $4M Refinance Loan For Niagara Falls Hotel

333 Rainbow Boulevard

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Hotel
Financed 03/19/2024
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Summary

NEW YORK
Asset Type:Hotel
Transaction Type:Loan

The loan transaction involved the refinancing of a 110-room Wingate by Wyndham hotel located at 333 Rainbow Boulevard in Niagara Falls. Largo Capital facilitated a $4 million loan provided by an undisclosed life insurance company. The loan features a 10-year term, fixed interest rate, and a 25-year amortization schedule.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: $4,000,000
  • Address: 333 Rainbow Boulevard
  • Market: Niagara Falls
  • Broker: Katie Vivian - Largo Capital
  • Loan Type: Refinance
  • Loan Terms: 10-year term, fixed interest rate, 25-year amortization schedule

The $4 million loan for the refinancing was secured by Largo Capital, arranged by Katie Vivian of Largo Capital. The loan was provided by an undisclosed life insurance company with specific terms including a 10-year term, fixed interest rate, and a 25-year amortization schedule.

Players

Katie Vivian
2 deals$14M volume(716) 204-2231
BROKER

Details

FINANCED
IMAGE: Katie Vivian DATE: 03/19/2024 ADDRESS: 333 Rainbow Boulevard MARKET: Niagara Falls ASSET TYPE: Hotel ~ KEYS: 110 BROKER: Katie Vivian - Largo Capital (@Largo_Capital) LOAN AMOUNT: $4,000,000 LOAN TYPE: Refinance LOAN TERMS: 10-year term, fixed interest rate & a 25-year amortization schedule NOTE: Largo Capital secured a $4 million loan for the refinancing of a 110-room Wingate by Wyndham hotel in Niagara Falls, arranged by Katie Vivian. The undisclosed life insurance company provided the loan with a 10-year term, fixed interest rate, and 25-year amortization schedule.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$4,000,000.00

Monthly NOI$26,666.67
Monthly Debt Service$25,282.72
Change in Cash Flow$0.00
Refinance Proceeds$0.00