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AVANA Companies And Oaktree Capital Provide $12.5M Loan For Home2 Suites Acquisition In Dublin
FINANCED
$12,500,000
Hotel
Financed 03/21/2025
FINANCED
AVANA Companies And Oaktree Capital Provide $12.5M Loan For Home2 Suites Acquisition In Dublin
Hotel
Financed 03/21/2025
Summary
Asset Type:Hotel
Transaction Type:Loan
The asset involved in this transaction is a hotel, specifically a Home2 Suites by Hilton, located in Dublin, Ohio, comprising 126 keys. The acquisition was financed through a loan of $12,500,000, supporting the ownership transition of this property.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $12,500,000
- Lender: Sundip Patel - AVANA Companies; Oaktree Capital Management
- Landlord: Mike Desai - Ask Dublin Holding, LLC
- Loan Type: Acquisition
The deal was facilitated by AVANA Companies and Oaktree Capital Management, who provided the funding for the acquisition, which aligns with their strategy of supporting experienced hotel operators while promoting local job creation in the area.
Players
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$12,500,000.00
Monthly NOI$83,333.33
Monthly Debt Service$79,008.50
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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