Arriba Capital Provides $37.4M Construction Loan For Houston Hotel Development
1514 Leeland Street, Houston, Texas 77002, United States
$37,400,000
Building Size
—
Asset Type
Hotel
Closing
Oct 26, 2022
About this deal
AI
Arriba Capital provided a $37,400,000 construction loan for a hotel located at 1514 Leeland Street in Houston. The hotel consists of 221 keys and is owned by PA Hospitality. The loan was secured by Ryan Bosch from Arriba Capital.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $37,400,000
- Address: 1514 Leeland Street
- Market: Houston
- Keys: 221
Ryan Bosch from Arriba Capital represented the lender in this transaction. PA Hospitality served as the landlord for the hotel.
The hotel loan at 1514 Leeland Street, Houston, Texas 77002, United States in Houston, Texas financed for $37.4M in 2022. 1514 Leeland Street, Houston, Texas 77002, United States is classified as Hotel on Traded. Arriba Capital appears on the loan alongside Arriba Capital. This page is the Houston, Texas file for the 1514 Leeland Street, Houston, Texas 77002, United States hotel financed: pricing, party profiles, and other closed hotel comps from the same Houston sit in the Market section below. Filter that Houston hotel set by closing date to see what else financed near 1514 Leeland Street, Houston, Texas 77002, United States around 2022. Published consideration for 1514 Leeland Street, Houston, Texas 77002, United States is $37.4M, dated 2022. Cite this Arriba Capital Provides $37.4M Construction Loan For Houston Hotel Development loan when underwriting similar hotel product around Houston, Texas.
On the Map
$37,400,000
Hotel
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Houston Hotel Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93