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
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