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Marcus & Millichap Capital Corporation Arranges $7.25M Loan For Holiday Inn Express In Charlotte
FINANCED
$7,250,000
North Carolina
See Similar DealsHotel
Financed 12/22/2025
FINANCED
Marcus & Millichap Capital Corporation Arranges $7.25M Loan For Holiday Inn Express In Charlotte
805 West Arrowood Road
See Similar DealsHotel
Financed 12/22/2025
Summary
NORTH CAROLINA
Asset Type:Hotel
Transaction Type:Loan
The property involved in this transaction is a hotel located at 805 West Arrowood Road, Charlotte, NC. The asset type is categorized as a hotel, specifically the Holiday Inn Express & Suites Charlotte-Arrowood. The loan amount secured for this property is $7,250,000.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $7,250,000
- Address: 805 West Arrowood Road
- Market: Charlotte, NC
The financing arrangement was made by Marcus & Millichap Capital Corporation, represented by Robert Bhat, who facilitated the loan with a national bank on behalf of a full-service hospitality investment firm.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$7,250,000.00
Monthly NOI$48,333.33
Monthly Debt Service$45,824.93
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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