3650 REIT Provides $38M Loan For San Antonio Hotel Acquisition On Lexington Avenue | 115 Lexington Avenue | 3650 REIT | Lawrence Britvan, Dylan Brandt | Hotel | Loan

Summary

Loan

TEXAS

Hotel

The Hotel property located at 115 Lexington Avenue in San Antonio has been involved in a recent closed transaction. The property consists of 162 keys and has been a notable asset in the market.

Summary of transaction details

Property Type: Hotel
Address: 115 Lexington Avenue
Market: San Antonio
Keys: 162

During this transaction, a loan of $38,000,000 was secured from 3650 REIT. The loan terms include a duration of 30 months with two six-month extension options. Jonathan Roth, Michael Fleischer, Joel Thompson, and Noah Moghavem represented 3650 REIT as the lenders.

DC Partners, represented by Douglas Dillard, served as the landlord in this deal. The brokerage firm Hodges Ward Elliott, with Lawrence Britvan and Dylan Brandt as the brokers, facilitated the transaction.

Players

All
4

Agents
2
Agencies
1
Lenders
1

$21.5M Sold

Details

Deal Summary

FINANCED

IMAGE: Jonathan Roth, Douglas Dillard, Noah Moghavem, Lawrence Britvan & Dylan Brandt DATE: 03/07/2022 ADDRESS: 115 Lexington Avenue MARKET: San Antonio ASSET TYPE: Hotel ~ KEYS: 162 LENDER: 3650 REIT - Jonathan Roth, Michael Fleischer, Joel Thompson & Noah Moghavem LANDLORD: DC Partners - Douglas Dillard BROKERS: Lawrence Britvan & Dylan Brandt - Hodges Ward Elliott LOAN AMOUNT: $38,000,000 LOAN TERMS: 30 months and two six-month extension options

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Address115 Lexington Avenue

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