Black Bear Capital Partners Arranges $8.9M Loan For Hilton Garden Inn Acquisition In Alpharetta, GA
10975 Georgia Ln Alpharetta, GA 30022, USA
$8,945,000
Building Size
—
Asset Type
Hotel
Closing
May 24, 2023
About this deal
AI
The Hilton Garden Inn located at 10975 Georgia Lane in Alpharetta, GA has been acquired through an acquisition loan. The loan amount for this transaction is $8,945,000. The property is a hotel with 125 keys.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $8,945,000
- Market: Alpharetta, GA
- Address: 10975 Georgia Lane
The deal was facilitated by Suraj Desai from Black Bear Capital Partners, who represented the buyer. The 5-year permanent loan has a loan-to-value (LTV) ratio of 65%.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.77%
Cash-on-Cash
-0.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93