C12 Capital Management Secures $80M Loan For Hotel In Austin With Lender Hall Structured Finance
FINANCED
$80,000,000
Texas
See Similar DealsHotel
Financed 12/17/2019
FINANCED
C12 Capital Management Secures $80M Loan For Hotel In Austin With Lender Hall Structured Finance
211 S Lamar BLVD, Austin, TX, 78704
See Similar DealsHotel
Financed 12/17/2019
Summary
TEXAS
Asset Type:Hotel
Transaction Type:Loan
The asset involved in the transaction is a Hotel located at 211 S Lamar BLVD, Austin, TX, 78704. The property, managed by C12 Capital Management, secured a loan amounting to $80,000,000.00 from HALL Structured Finance. Michael Landon from CBRE represented the borrower in the deal.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $80,000,000.00
- Address: 211 S Lamar BLVD, Austin, TX, 78704
- Market: Austin
- Borrower: C12 Capital Management
- Lender: HALL Structured Finance
- Borrower's Rep: Michael Landon (CBRE)
The individuals and companies involved in the deal include C12 Capital Management as the borrower, HALL Structured Finance as the lender, and Michael Landon from CBRE acting as the borrower's representative.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$80,000,000.00
Monthly NOI$533,333.33
Monthly Debt Service$505,654.42
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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