Michael J. Gefter Arranges $12.49M Loan For Hotel At 530 Pennsylvania Ave In Fort Washington
FINANCED
$12,486,225
Pennsylvania
See Similar DealsHotel113,531 SF
Financed 12/13/2023
FINANCED
Michael J. Gefter Arranges $12.49M Loan For Hotel At 530 Pennsylvania Ave In Fort Washington
530 Pennsylvania Ave
See Similar DealsHotel113,531 SF
Financed 12/13/2023
Summary
PENNSYLVANIA
Asset Type:Hotel
Price Per Square Foot:$110
Total Square Footage:113,531 SF
Transaction Type:Loan
The asset involved in the transaction is a hotel located at 530 Pennsylvania Ave in Fort Washington. 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
- Address: 530 Pennsylvania Ave
- Market: Fort Washington
- Brokers: Michael J. Gefter
Michael J. Gefter is the broker representing the transaction, playing a crucial role in facilitating the loan arrangement for the property described.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$12,486,225.00
Monthly NOI$83,241.50
Monthly Debt Service$78,921.44
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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