Prime Finance Provides $30.6M Loan For Hotel Property At 1080 Uptown Park Blvd In Houston, TX
FINANCED
$30,600,000
Texas
See Similar DealsHotel146,816 SF
Financed 12/21/2023
FINANCED
Prime Finance Provides $30.6M Loan For Hotel Property At 1080 Uptown Park Blvd In Houston, TX
1080 Uptown Park Boulevard
See Similar DealsHotel146,816 SF
Financed 12/21/2023
Summary
TEXAS
Asset Type:Hotel
Price Per Square Foot:$208
Total Square Footage:146,816 SF
Transaction Type:Loan
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
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$30,600,000.00
Monthly NOI$204,000.00
Monthly Debt Service$193,412.82
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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