Prime Finance Provides $30.6M Loan For Hotel Property At 1080 Uptown Park Blvd In Houston, TX
1080 Uptown Park Boulevard
$30,600,000
$208/SF
Building Size
146,816 SF
Asset Type
Hotel
Closing
Dec 21, 2023
AI
The hotel property located at 1080 Uptown Park Blvd in Houston, TX has been involved in a recent loan transaction. The property spans a total of 146,816 square feet and is owned by Ring On Hook.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $30,600,000
- Lender: Prime Finance
- Brokers: Jillian Mariutti - JLL, Mark Fisher - JLL
The loan amount for this transaction is $30,600,000. The lenders involved in this deal are Prime Finance. Jillian Mariutti and Mark Fisher from JLL represented the parties as brokers.
Players
Market 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
0.52%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93