Nihad Choudhury's LMF Commercial Provides $17M Refinance Loan For Hillsboro-Orenco Hotel
$17,000,000
$280/SF
Building Size
60,640 SF
Asset Type
Hotel
Closing
Apr 13, 2023
About this deal
AI
A hotel property located in Hillsboro-Orenco has recently undergone a refinancing transaction. The property spans a total of 60,640 square feet.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $17,000,000
Nihad Choudhury, representing LMF Commercial, acted as the lender in this refinancing deal. The loan, with a total amount of $17,000,000, offered a 10-year term with 2 years of interest-only payments. Additionally, the loan terms included a cash-out option and a relatively short closing period of 26 days.
Players
Market 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
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93