Updated Aug 10, 2026
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
About this deal
AI
The asset involved in this transaction is a hotel located at 530 Pennsylvania Ave in the Fort Washington market. The loan amount for this property transaction 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
The deal was facilitated by Michael J. Gefter, serving as the broker representative in this transaction. His role involves supporting the parties in the negotiation and execution of the loan agreement for the hotel asset.
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