Barings Provides $64.5M Loan For Fort Worth Hotel At 101 West 5th St
101 West 5th Street, Fort Worth, Texas 76102, United States
$64,500,000
Building Size
—
Asset Type
Hotel
Closing
May 18, 2022
About this deal
AI
The hotel located at 101 West 5th St. in Fort Worth has been involved in a recent transaction. The property consists of 252 keys and has been the subject of a loan. The loan amount for this transaction was $64,500,000. barings-4626a10b-91b9-4404-b096-d78fc90a0c26''>Barings, a lending company, provided the financing for this deal. The landlord of the hotel is Jackson-Shaw Co.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $64,500,000
- Address: 101 West 5th St.
- Market: Fort Worth
- Keys: 252
In addition to the financial aspects of the deal, Michele Wheeler was involved in the transaction as the loan's representative. She represents the interests of the lender, Barings. There is no additional information available regarding the people or companies involved in this transaction.
Players
Fort Worth 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
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93