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18200 I-45, Shenandoah, TX,...

Vice President Of Hall Structured Finance Loans $15.3M To K&K Hotel Group
FINANCEDDevelopment Site

Vice President Of Hall Structured Finance Loans $15.3M To K&K Hotel Group

18200 I-45, Shenandoah, TX, 77384

$15,300,000

Building Size

Asset Type

Development Site

Closing

Nov 20, 2023

AI

A five-story Hampton Inn and Suites will be built in Shenandoah in 2023, located at 18200 I-45, Shenandoah, TX, 77384. The development site secured a loan amount of $15,300,000.00. The lender's representative for this transaction was the Vice President of Hall Structured Finance, and the borrower was K&K Hotel Group.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $15,300,000.00
  • Address: 18200 I-45, Shenandoah, TX, 77384
  • Market: Shenandoah
  • Lender's Representative: Vice President (Hall Structured Finance)
  • Borrower: K&K Hotel Group

The financing for the construction of the five-story Hampton Inn and Suites was facilitated by the Vice President of Hall Structured Finance, representing the lending institution. K&K Hotel Group, the borrower in this deal, will be developing the property into the hotel. This transaction outlines the collaboration between the lender, Hall Structured Finance, and the borrower, K&K Hotel Group, in bringing a new hospitality offering to Shenandoah in 2023.

Players

Matt Mitchell

Hall Structured Finance

Broker

$393.1M

vol

7 deals

Broker
HALL Structured Finance
HALL Structured FinanceLender
HALL Structured Finance
HALL Structured FinanceLandlord

Shenandoah Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.04%

Cash-on-Cash

-0.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93