Dustin Campbell Secures $4.875 Million Refinance Loan For My Place Hotel In Midland Texas
401 East Interstate 20
$4,875,000
Building Size
—
Asset Type
Hotel
Closing
Jul 30, 2026
About this deal
AI
The asset involved in this transaction is a 64-key hotel located at 401 East Interstate 20, Midland, TX. The loan amount for this refinancing was $4,875,000, which is structured as a five-year, fixed-rate, non-recourse loan. This refinancing was executed to address existing financial obligations while also providing equity back to the sponsor for future investments.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $4,875,000
- Loan Type: Refinance
- Loan Terms: five-year, fixed-rate, non-recourse
- Landlord: Dustin Campbell
- Broker: Stan Kozlowski - CooperWynn Capital
The transaction was arranged by CooperWynn Capital on behalf of owner Dustin Campbell, who led the ownership group. The deal facilitated a cash-out refinancing, allowing for the return of equity to the sponsor, which is intended for deployment in future capital projects.
Players
Midland 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
3.25%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93