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PACE Loan Group Provides $17.7M Loan For Hyatt House Hotel Project In West Chester
FINANCED
$17,700,000
Development Site
Financed 06/25/2024
FINANCED
PACE Loan Group Provides $17.7M Loan For Hyatt House Hotel Project In West Chester
West Chester Road
See Similar DealsDevelopment Site
Financed 06/25/2024
Summary
OHIO
Asset Type:Development Site
Transaction Type:Loan
The PACE Loan Group closed a $17.7 million PACE loan for a Hyatt House hotel and rehab annex in West Chester, Ohio. The loan was part of a total capital stack of $38.2 million, aimed at refinancing existing debt and funding further construction.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $17,700,000
- Market: West Chester, OH
- Lender: PACE Loan Group - Parag Vipani & Jacob Roth
The loan was brokered by Parag Vipani and Jacob Roth from PACE Loan Group. They facilitated the financing for the Hyatt House hotel and rehab annex project in West Chester, Ohio.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$17,700,000.00
Monthly NOI$118,000.00
Monthly Debt Service$111,876.04
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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