Updated Jul 29, 2026
Michael J. Gefter Secures $12,486,225 Loan For Hotel At 530 Pennsylvania Ave Fort Washington
530 Pennsylvania Ave
$12,486,225
$110/SF
Building Size
113,531 SF
Asset Type
Hotel
Closing
Dec 13, 2023
About this deal
AI
The asset involved in this transaction is a hotel located at 530 Pennsylvania Ave in the Fort Washington market. This property secured a loan amount of $12,486,225.00, facilitating its financing needs.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $12,486,225.00
The deal was represented by broker Michael J. Gefter, who played a crucial role in facilitating the transaction within the competitive market landscape of Fort Washington.
The hotel loan at 530 Pennsylvania Ave in Fort Washington, Pennsylvania financed for $12.5M in 2023. The building is 113,531 square feet, implying about 110 per square foot on the published price. Michael J. Gefter, A.K., Interbank appear on the loan alongside Interbank. This page is the Fort Washington, Pennsylvania file for the 530 Pennsylvania Ave hotel financed: pricing, party profiles, and other closed hotel comps from the same Fort Washington sit in the Market section below. Filter that Fort Washington hotel set by closing date to see what else financed near 530 Pennsylvania Ave around 2023. Published consideration for 530 Pennsylvania Ave is $12.5M, dated 2023. Cite this Michael J. Gefter Secures $12,486,225 Loan For Hotel At 530 Pennsylvania Ave Fort Washington loan when underwriting similar hotel product around Fort Washington, Pennsylvania.
Players
Fort Washington 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
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93