C12 Capital Management Secures $80M Loan For Hotel In Austin With Lender Hall Structured Finance
211 S Lamar BLVD, Austin, TX, 78704
$80,000,000
Building Size
—
Asset Type
Hotel
Closing
Dec 17, 2019
About this deal
AI
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.
Players
Austin Hotel Market Snapshot
Boundary boundary · Hotel · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93