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Cronheim Mortgage Arranges $18 Million Loan For Residence Inn Middletown Goshen Hotel
FINANCED
$18,000,000
New York
See Similar DealsHotel
Financed 11/26/2025
FINANCED
Cronheim Mortgage Arranges $18 Million Loan For Residence Inn Middletown Goshen Hotel
57 Tower Drive
See Similar DealsHotel
Financed 11/26/2025
Summary
NEW YORK
Asset Type:Hotel
Transaction Type:Loan
The Residence Inn Middletown Goshen is a hotel asset located at 57 Tower Drive in Middletown, N.Y. The property, built in 2020, is situated in the Middletown market. A permanent loan was arranged for this hotel with a total amount of $18 million.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $18,000,000
- Address: 57 Tower Drive
- Market: Middletown
- Broker: Cronheim Mortgage
Cronheim Mortgage was responsible for arranging the $18 million loan for the Residence Inn Middletown Goshen, facilitating the financing for this hotel transaction.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$18,000,000.00
Monthly NOI$120,000.00
Monthly Debt Service$113,772.24
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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