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Roberto Contreras Of DC Partners Refinances Thompson San Antonio Riverwalk Hotel For $42M Loan
FINANCED
$42,000,000
Texas
See Similar DealsHotel140,000 SF
Financed 08/02/2024
FINANCED
Roberto Contreras Of DC Partners Refinances Thompson San Antonio Riverwalk Hotel For $42M Loan
115 Lexington Avenue
See Similar DealsHotel140,000 SF
Financed 08/02/2024
Summary
TEXAS
Asset Type:Hotel
Price Per Square Foot:$300
Total Square Footage:140,000 SF
Transaction Type:Loan
The Thompson San Antonio — Riverwalk is a hotel located at 115 Lexington Avenue in the San Antonio market. It features 162 keys and spans 140,000 square feet. The total loan amount for refinancing is $42 million.
Summary of transation details:
- Property Type: Hotel
- Transaction Amount: $42,000,000
- Address: 115 Lexington Avenue - Thompson San Antonio — Riverwalk
- Lender: Brian Sedrish - Sunrise Realty Trust; Southern Realty Trust
- Landlord: Roberto Contreras - DC Partners
- Loan Type: Refinance
Brian Sedrish from Sunrise Realty Trust and Roberto Contreras of DC Partners are key individuals in this transaction. This refinancing marks the second loan provided by Sunrise Realty Trust to DC Partners since 2023, indicating a continued partnership aimed at expanding their operations within Texas.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$42,000,000.00
Monthly NOI$280,000.00
Monthly Debt Service$265,468.57
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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