Updated Mar 11, 2025
Doradus Partners Refinances Uptown Charlotte Hotel For $40.6M With Loan Brokers Berkadia
610 S Caldwell St
$40,600,000
Units
180
Asset Type
Hotel
Closing
Jan 9, 2024
About this deal
AI
The hotel located at 610 South Caldwell Street in Uptown Charlotte, North Carolina has recently undergone a loan transaction. The property, consisting of 180 keys, is owned by Doradus Partners.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $40,600,000
- Loan Type: Refinance
The loan brokers involved in this transaction are Edmund Aramayo, Rebecca Van Reken, and Michael Weinberg from berkadia'>Berkadia. They facilitated the refinancing of the hotel property, securing a loan amount of $40,600,000.
The hotel loan at 610 S Caldwell St in Charlotte, North Carolina financed for $40.6M in 2024. Reported inventory is 180 units across 180 units. Rebecca Van Reken, Michael Weinberg, Edmund Aramayo, Berkadia appear on the loan alongside Berkadia. This page is the Charlotte, North Carolina file for the 610 S Caldwell St hotel financed: pricing, party profiles, and other closed hotel comps from the same Charlotte sit in the Market section below. Filter that Charlotte hotel set by closing date to see what else financed near 610 S Caldwell St around 2024. Published consideration for 610 S Caldwell St is $40.6M, dated 2024. Cite this Doradus Partners Refinances Uptown Charlotte Hotel For $40.6M With Loan Brokers Berkadia loan when underwriting similar hotel product around Charlotte, North Carolina.
Players
Charlotte 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
0.39%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93