SiLa Developments Secures $43.1M Construction Loan From Hall Structured Finance For Nashville Hotel
920 Broadway, Nashville, Tennessee 37203, United States
$43,100,000
Building Size
—
Asset Type
Hotel
Closing
Jul 26, 2022
About this deal
AI
The Hotel located at 920 Broadway in Nashville, TN has recently undergone a closed transaction. The property consists of 184 keys, offering a significant number of rooms for guests.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $43,100,000
- Lender: Hall Structured Finance
- Landlord: SiLa Developments
- Broker: Francisco Nacorda - Mag Mile Capital
The loan amount for this transaction was $43,100,000, and it was secured as a construction loan. SiLa Developments acted as the landlord, while Francisco Nacorda from Mag Mile Capital represented the interests of the buyer/seller/landlord/tenant.
Players
Nashville-Davidson 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
0.37%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93