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

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.