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610 S Caldwell St

Doradus Partners Refinances Uptown Charlotte Hotel For $40.6M With Loan Brokers Berkadia
FINANCEDHotel

Doradus Partners Refinances Uptown Charlotte Hotel For $40.6M With Loan Brokers Berkadia

610 S Caldwell St

$40,600,000

Building Size

Asset Type

Hotel

Closing

Jan 9, 2024

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.

Players

Michael Weinberg

Berkadia

Broker

$933.1M

vol

21 deals

Broker
DP
Doradus PartnersLandlord

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