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
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