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530 Pennsylvania Ave

Michael J. Gefter Secures $12,486,225 Loan For Hotel In Fort Washington At 530 Pennsylvania Ave
FINANCEDHotel

Michael J. Gefter Secures $12,486,225 Loan For Hotel In Fort Washington At 530 Pennsylvania Ave

530 Pennsylvania Ave

$12,486,225

$110/SF

Building Size

113,531 SF

Asset Type

Hotel

Closing

Dec 13, 2023

AI

The asset involved in this transaction is a hotel located at 530 Pennsylvania Ave in the Fort Washington market. The loan amount associated with this property is $12,486,225.00.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: $12,486,225.00

Michael J. Gefter is the broker representing the deal in this transaction, providing his expertise and support throughout the loan process for the property asset involved.

Players

Michael J. Gefter

Broker

$282.5M

vol

66 deals

Broker
Wolf Investment Partners
Wolf Investment PartnersBrokerage
Interbank
InterbankLender

A.K.

Landlord
Landlord

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