Updated Nov 4, 2023
PMZ Realty Capital Facilitates $13.5M Acquisition Loan For Holiday Inn Charleston-Riverview
301 Savannah Highway Charleston, South Carolina 29407, USA
$13,500,000
Building Size
—
Asset Type
Hotel
Closing
Aug 9, 2023
About this deal
AI
The Holiday Inn Charleston-Riverview in Charleston, S.C. has recently undergone a leasehold acquisition financing deal facilitated by PMZ Realty Capital. The property, located at 301 Savannah Hwy, is a hotel with 157 keys. The acquisition loan secured for this transaction amounts to $13.5 million and comes from a regional bank.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $13,500,000
- Address: 301 Savannah Hwy, Charleston, SC
- Market: Charleston, SC
- BROKER: PMZ Realty Capital
- LOAN TYPE: Acquisition
PMZ Realty Capital played a crucial role in securing the $13.5 million acquisition loan for the Holiday Inn Charleston-Riverview. As the broker in this leasehold acquisition financing deal, they successfully facilitated the transaction with a regional bank, enabling the acquisition of this prime hotel property.
Players
Charleston Hotel Market Snapshot
Boundary boundary · Hotel · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.18%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93