Knighthead Funding, LLC Provides $37.6M Refinance Loan For Hotel On Charlotte Ave In Nashville, TN
FINANCED
$37,600,000
Tennessee
See Similar DealsHotel
Financed 06/24/2022
FINANCED
Knighthead Funding, LLC Provides $37.6M Refinance Loan For Hotel On Charlotte Ave In Nashville, TN
1500 Charlotte Avenue, Nashville, Tennessee 37203, United States
See Similar DealsHotel
Financed 06/24/2022
Summary
TENNESSEE
Asset Type:Hotel
Transaction Type:Loan
The property involved in this transaction is a hotel located at 1500 Charlotte Ave in Nashville, TN. The hotel has a total of 204 keys.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $37,600,000
The lender for this transaction is Knighthead Funding, LLC, represented by Peter Illuzi. The loan amount for the refinance is $37,600,000, and it is a five-year, non-recourse loan.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$37,600,000.00
Monthly NOI$250,666.67
Monthly Debt Service$237,657.58
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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