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
Wolf Investment PartnersBrokerage
InterbankLender
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