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
About this deal
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