Knighthead Funding, LLC Provides $37.6M Refinance Loan For Hotel On Charlotte Ave In Nashville, TN
1500 Charlotte Avenue, Nashville, Tennessee 37203, United States
$37,600,000
Building Size
—
Asset Type
Hotel
Closing
Jun 23, 2022
About this deal
AI
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.
The hotel loan at 1500 Charlotte Avenue, Nashville, Tennessee 37203, United States in Nashville-Davidson, Tennessee financed for $37.6M in 2022. 1500 Charlotte Avenue, Nashville, Tennessee 37203, United States is classified as Hotel on Traded. This page is the Nashville-Davidson, Tennessee file for the 1500 Charlotte Avenue, Nashville, Tennessee 37203, United States hotel financed: pricing, party profiles, and other closed hotel comps from the same Nashville-Davidson sit in the Market section below. Filter that Nashville-Davidson hotel set by closing date to see what else financed near 1500 Charlotte Avenue, Nashville, Tennessee 37203, United States around 2022. Published consideration for 1500 Charlotte Avenue, Nashville, Tennessee 37203, United States is $37.6M, dated 2022. Cite this Knighthead Funding, LLC Provides $37.6M Refinance Loan For Hotel On Charlotte Ave In Nashville, TN loan when underwriting similar hotel product around Nashville-Davidson, Tennessee.
Players
Nashville-Davidson Hotel Market Snapshot
Boundary boundary · Hotel · Loan transactions
Loading comparables…
Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93