facebook
Traded Co logo
Submit

3650 REIT Provides $38M Loan For San Antonio Hotel Acquisition On Lexington Avenue

Property Image
FINANCED
$38,000,000
Lawrence Britvan
Dylan Brandt

Texas

See Similar Deals
Hotel
Financed 03/07/2022
the dealplayerscompscontact
Property Image
FINANCED

3650 REIT Provides $38M Loan For San Antonio Hotel Acquisition On Lexington Avenue

115 Lexington Avenue, San Antonio, Texas 78205, United States

See Similar Deals
Hotel
Financed 03/07/2022
Lawrence Britvan
Dylan Brandt
the dealplayerscompscontact
Contact now

Summary

TEXAS
Asset Type:Hotel
Transaction Type:Loan

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

Lawrence Britvan
CBRE
Lawrence Britvan
6 deals$1.1B volume(212) 984-8098
BROKER
Dylan Brandt
CBRE
Dylan Brandt
3 deals$275.5M volume(914) 523-4578
BROKER
Hodges Ward Elliott
Hodges Ward Elliott
BROKERAGE
3650 Capital
3650 Capital
LENDER
DP
DC Partners
LANDLORD

Details

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

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$38,000,000.00

Monthly NOI$253,333.33
Monthly Debt Service$240,185.85
Change in Cash Flow$0.00
Refinance Proceeds$0.00